Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Ero Copper Corp. (ERO) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate r ...

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Core Viewpoint - Ero Copper Corp. has gained attention as one of the most searched stocks, with a recent performance of +10.2% over the past month, outperforming the S&P 500 composite and the Zacks Mining - Non Ferrous industry [1] Earnings Estimates Revisions - The current quarter's earnings estimate for Ero Copper is projected at $0.27 per share, reflecting a +12.5% change year-over-year, with a significant +53.9% increase in the consensus estimate over the last 30 days [4] - The consensus earnings estimate for the current fiscal year stands at $1.59, indicating an +82.8% year-over-year change, with a slight +1.7% adjustment in the last month [4] - For the next fiscal year, the earnings estimate is $3.04, representing a +91% increase from the previous year, with a +1.7% change over the past month [5] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $113.6 million, showing an +8.3% year-over-year change [8] - For the current fiscal year, the sales estimate is $648.34 million, indicating a +51.7% change, while the next fiscal year's estimate is $963.84 million, reflecting a +48.7% change [8] Last Reported Results and Surprise History - In the last reported quarter, Ero Copper achieved revenues of $105.8 million, a +4.8% year-over-year increase, and an EPS of $0.16, down from $0.24 a year ago [9] - The reported revenues exceeded the Zacks Consensus Estimate of $104.4 million by +1.34%, and the EPS surprise was +220% [9] - Over the last four quarters, Ero Copper surpassed consensus EPS estimates twice and revenue estimates twice [10] Valuation - Ero Copper is currently graded F on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [14] Conclusion - The Zacks Rank 1 for Ero Copper suggests potential outperformance against the broader market in the near term, despite its premium valuation [15]

Financial Data and Key Metrics Changes - The company reported cash flows from operations of $17.2 million and adjusted net income attributable to owners of the company of $16.8 million or $0.16 per share on a diluted basis [62] - C1 cash costs averaged $2.30 per pound produced during the quarter, expected to decrease throughout the year due to projected increases in copper grades and production [56][44] - The company reaffirmed its full-year production guidance of 42,000 to 47,000 tons, with production expected to be weighted towards the second half of the year [56][44] Business Line Data and Key Metrics Changes - At Xavantina operations, gold production increased to 18,234 ounces, a rise of approximately 47% compared to Q1 2023, with C1 cash costs averaging $395 per ounce, below the full-year guidance [43][44] - The Caraiba operations processed approximately 853,000 tons, up over 5% compared to Q4, despite a planned decrease in mined and processed copper grades [44] - Average processed copper grades were reported at 1.08%, with production of 8,091 tons after recoveries of approximately 88% [75] Market Data and Key Metrics Changes - Copper prices rallied to their highest levels in nearly two years, driven by rising demand expectations and a constrained supply outlook [53] - The company locked in two-year TC/RC terms in the low teens on roughly one-third of projected concentrate production, enhancing its pricing strategy [53][28] Company Strategy and Development Direction - The company is focused on completing the Tucuma project, which is approximately 97% complete, with initial production expected in early Q3 2024 [42][48] - There are plans for a potential second concentrated plant in the northern part of the project, although this is still in preliminary evaluation stages [8] - The company aims to maintain its position as one of the lower-cost producers of copper globally by accessing high-grade ore bodies [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 80% of nameplate capacity at Tucuma by the end of Q3, with a standard ramp-up rate expected over nine months [26][48] - The company highlighted a strong safety culture, with over five million hours of work completed without lost time injuries [54] - Management acknowledged macro and geopolitical uncertainties affecting gold prices, which have reached all-time highs, benefiting the company's operations [41] Other Important Information - The company entered into a $50 million non-priced copper prepayment facility, providing cost-effective capital in a favorable copper market [33] - A favorable move in foreign exchange led to a realized gain on foreign exchange hedges of $2.1 million [62] - The company is evaluating nickel exploration opportunities, with a focus on being strategic and disciplined in its approach [100][90] Q&A Session Summary Question: What is the expected throughput for Caraiba in 2024? - Management indicated that achieving nearly four million tons of throughput is reasonable, with expectations for average grades to improve [38] Question: Are there any delays in underground development at Caraiba? - Management confirmed that issues related to underground development are largely behind them, with strong development rates and production expected [15] Question: What are the critical path items for the Tucuma ramp-up? - Key items include electrical installations, automation, and minor piping, with significant progress already made [19][20] Question: What are the terms for concentrate offtake in the second half of the year? - Management mentioned favorable concentrate treatment and refining charges locked in for about one-third of production, with terms in the low-teens [28] Question: When will the definitive agreement for the Furnas project be finalized? - Management stated that the agreement is imminent and is being finalized with Vale [30] Question: What is the expected sustaining capital for the first year of Tucuma operations? - Management anticipates minimal sustaining capital in the first year, with most costs expensed [102]

Ero Copper Corp. (ERO) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 220%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.21, delivering a surprise of -8.70%.Over the last four quarters, the company ha ...

(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) ("Ero" or the "Company") is pleased to announce its operating and financial results for the three months ended March 31, 2024. Management will host a conference call tomorrow, Wednesday, May 8, 2024, at 11:30 a.m. eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release. HIGHLIGHTS The Tucumã Project is ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, April 25th:TXO Partners, L.P. (TXO) : This oil and natural gas company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.3% over the last 60 days.TXO’s shares gained 3.4% over the past month compared with the S&P 500’s decline of 2.2%. The company possesses a Momentum Score  of A.PepGen Inc. (PEPG) : This clinical-stage biotechnology company has a ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Takeda Pharmaceutical Company Limited (TAK) : This company that engages in the research, development, manufacture and out-licensing of pharmaceutical products in Japan and globally has seen the Zacks Consensus Estimate for its current year earnings increasing 35.1% over the last 60 days.TXO Partners, L.P. (TXO) : This oil and natural gas company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.3% over th ...

VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX:ERO, NYSE:ERO) ("Ero" or the "Company") reported the voting results from its Annual General Meeting of Shareholders held today in Vancouver, British Columbia. A total of 93,474,205 common shares were represented at the meeting, being 90.96% of the issued and outstanding common shares of the Company as at the March 5, 2024 record date. Shareholders voted in favour of all items of business before the meeting, including the r ...