Ero Copper (ERO) Soars 7.9%: Is Further Upside Left in the Stock?

Group 1: Company Performance - Ero Copper Corp. (ERO) shares increased by 7.9% to close at $18.72, with a total gain of 19% over the past four weeks, supported by solid trading volume [1] - The company reported final assay results from its 28,000-meter Phase 1 drill program at the Furnas Copper-Gold Project, confirming high-grade continuity and expanding mineralization, indicating potential for a large-scale mining operation [2] - Ero Copper is expected to report quarterly earnings of $0.57 per share, reflecting a year-over-year increase of 111.1%, with revenues projected at $215.45 million, up 72.6% from the previous year [4] Group 2: Market Influences - The rise in Ero Copper's shares is also attributed to higher copper prices, which climbed 3.77% to $4.84 per pound due to supply concerns following Freeport-McMoRan's force majeure declaration at its Grasberg mine [3] - The consensus EPS estimate for Ero Copper has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] - Ero Copper holds a Zacks Rank of 3 (Hold), similar to Energy Fuels, which has also seen a recent increase in stock price [6]