Ero Copper Corp. (ERO) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Ero Copper Corp. (ERO) - Ero Copper Corp. currently holds a Momentum Style Score of B, indicating a positive outlook based on its price change and earnings estimate revisions [2] - The company has a Zacks Rank of 2 (Buy), which is associated with strong historical performance [3] Price Performance - ERO shares have increased by 3.82% over the past week, outperforming the Zacks Mining - Non Ferrous industry, which rose by 0.33% during the same period [5] - Over the last month, ERO's price change is 24.77%, significantly higher than the industry's 14.86% [5] - In the last quarter, ERO shares rose by 33.73%, and over the past year, they have increased by 112.38%, while the S&P 500 only moved 3.09% and 17.53% respectively [6] Trading Volume - ERO's average 20-day trading volume is 1,068,841 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for ERO have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.85 to $2.00 [9] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, Ero Copper Corp. is positioned as a strong buy candidate with a Momentum Score of B [11]