Industry Overview - The Zacks Mining - Non Ferrous industry faces challenges due to metal price volatility, weak demand, and tariff uncertainties, alongside inflated costs, labor shortages, and supply-chain issues [1][4][5] - Despite these challenges, demand for non-ferrous metals is expected to be supported by the energy-transition trend, which may buoy the industry [1][6] Key Companies to Watch - Southern Copper Corporation (SCCO) is positioned for growth with significant copper reserves and ongoing investments exceeding $10.3 billion in Peru and $10.2 billion in Mexico [2][16] - Freeport-McMoRan Inc. (FCX) is expanding reserves and implementing new technologies, targeting an annual run rate of 300 million pounds of copper by year-end, with plans to increase to 800 million pounds in 3-5 years [2][21] - First Quantum Minerals (FQVLF) has received government approval for its Cobre Panamá mine and expects to achieve production targets of 160,000-190,000 tons of copper in 2025 [2][24] - Coeur Mining (CDE) has enhanced its position in the silver market through the acquisition of SilverCrest Metals, reporting a 79% year-over-year increase in silver production [2][28] - Centrus Energy (LEU) is pioneering High-Assay, Low-Enriched Uranium (HALEU) production, with a solid backlog of $3.6 billion in contracts and plans to expand production capacity [2][31] Market Performance - The Zacks Mining - Non Ferrous industry has underperformed compared to the Zacks Basic Materials sector and the S&P 500, with a collective loss of 7.5% over the past year [9] - The industry's current trailing 12-month EV/EBITDA ratio is 9.48X, significantly lower than the S&P 500's 17.81X and the Basic Materials sector's 13.85X [12] Future Outlook - The demand for non-ferrous metals is expected to remain high, driven by sectors such as transportation, construction, and renewable energy, particularly for metals like copper and nickel [6] - The industry is facing a potential future deficit in metal supply due to depleting resources and declining production from old mines, which may eventually bolster metal prices [4][6]

Key Takeaways Freeport-McMoRan Inc.'s (FCX) shares have gained 11.3% in the past six months. It has outperformed the Zacks Mining - Non Ferrous industry's rise of 1.3% and the S&P 500's gain of 7.3% over the same period. Its peers, Southern Copper Corporation (SCCO) and BHP Group Limited (BHP) , have gained 0.8% and 4.9%, respectively, in the same time. While FCX's second-quarter results showed a rise in both top and bottom line on higher copper and gold prices, its guidance indicates higher expected unit c ...

Key Takeaways Freeport-McMoRan Inc. (FCX) saw a notable reduction in its average unit net cash cost per pound of copper in the second quarter of 2025 to just $1.13, a sharp improvement from $1.73 a year earlier and well below its guidance of $1.50. The decline was fueled by operational efficiencies, higher gold credits and an uptick in copper sales volumes. Lower costs contributed to stronger profit margins in the quarter. Freeport's outlook for the third quarter, however, suggests higher costs on a sequent ...

Core Insights - Freeport-McMoRan Inc. (FCX) reported a significant increase in sales volumes for Q2 2025, with copper sales rising approximately 9% year-over-year to 1,016 million pounds, gold sales increasing by around 45% to 522,000 ounces, and molybdenum sales up about 4.8% to 22 million pounds [1][7] Sales Volume Outlook - The company has provided a cautious outlook for Q3 2025, expecting copper sales volumes to decline by 4% year-over-year to 990 million pounds, with gold and molybdenum sales also projected to decrease to 350,000 ounces and 18 million pounds, respectively [2][7] Pricing and Margin Considerations - Sales volume growth is essential for FCX to capitalize on higher copper and gold prices, maintain margin expansion, and meet its 2025 targets, despite the gains in realized prices [3][7] Peer Comparison - Among peers, Southern Copper Corporation (SCCO) experienced a 3% decline in copper sales volumes in Q2, while BHP Group Limited reported a 14% year-over-year increase in total copper sales for fiscal 2025 [4][5] Stock Performance and Valuation - FCX shares have increased by 4.7% year-to-date, contrasting with a 1.1% decline in the Zacks Mining - Non Ferrous industry [6] - The stock is currently trading at a forward 12-month earnings multiple of 18.9, slightly above the industry average of 18.69, and holds a Value Score of A [9] Earnings Estimates - The Zacks Consensus Estimate indicates a year-over-year earnings rise of 20.3% for 2025 and 31.9% for 2026, with EPS estimates trending higher over the past 60 days [8]

Company Performance - Energy Fuels reported a quarterly loss of $0.1 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.04, marking an earnings surprise of -150.00% [1] - The company posted revenues of $4.21 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 55.19%, and a decline from $8.72 million in the same quarter last year [2] - Over the last four quarters, Energy Fuels has not surpassed consensus EPS estimates and has topped revenue estimates only once [2] Stock Movement and Outlook - Energy Fuels shares have increased approximately 93.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.1% [3] - The company's earnings outlook will be crucial for future stock movements, with current consensus EPS estimates at -$0.04 on $8.9 million in revenues for the upcoming quarter and -$0.27 on $49.23 million in revenues for the current fiscal year [4][7] Industry Context - The Mining - Non Ferrous industry, to which Energy Fuels belongs, is currently ranked in the top 21% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Energy Fuels' stock performance [5]

Coeur Mining is a member of our Basic Materials group, which includes 238 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasize ...

Centrus Energy Corp. (LEU) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $1.89 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +103.85%. A quarter ago, it was expected that this company would post a loss of $0.1 per share when it actually produced earnings of $0.91, delivering a surprise of +1010%. Over the last four quarters, the com ...

Core Insights - Ero Copper Corp. reported quarterly earnings of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and showing a significant increase from $0.18 per share a year ago, resulting in an earnings surprise of +39.39% [1] - The company achieved revenues of $163.51 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.68% and up from $117.1 million year-over-year [2] - Ero Copper has outperformed consensus EPS estimates three times over the last four quarters, although it has only topped revenue estimates once in the same period [2] Earnings Outlook - The future performance of Ero Copper's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $223.2 million, and for the current fiscal year, it is $1.91 on revenues of $789.82 million [7] Industry Context - The Mining - Non Ferrous industry, to which Ero Copper belongs, is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - Coeur Mining (CDE) is expected to report a year-over-year increase in earnings driven by higher revenues, with a consensus estimate of $0.18 per share, reflecting a significant increase of +1900% [3] - Revenues are projected to reach $474.4 million, marking an increase of 113.7% compared to the same quarter last year [3] - The earnings report is anticipated to be released on August 6, and the actual results will significantly influence the stock price movement [2] Estimate Revisions - The consensus EPS estimate has been revised 45.24% higher in the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate for Coeur Mining aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12] Earnings History - In the last reported quarter, Coeur Mining exceeded the expected earnings of $0.02 per share by delivering $0.11, resulting in a surprise of +450.00% [13] - Over the past four quarters, the company has beaten consensus EPS estimates three times [14] Industry Comparison - Centrus Energy Corp. (LEU), another player in the mining sector, is expected to report an EPS of $0.71, which represents a year-over-year decline of -62.4% [18] - Centrus Energy's revenues are projected to be $136.84 million, down 27.6% from the previous year, with a consensus EPS estimate revised 106% higher recently [19]

Southern Copper (SCCO) closed at $97.11 in the latest trading session, marking a -1.1% move from the prior day. This change lagged the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw an increase of 0.33%. The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 44, putting it in the top 18% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industr ...