Latest news with #EroCopper
Globe and Mail
11-07-2025
- Business
- Globe and Mail
Bull of the Day: Ero Copper (ERO)
Ero Copper Corp. ERO is a copper producer. With copper prices at new all-time highs, this Zacks #1 (Strong Buy) is expected to see earnings soar by 165% this year. Ero Copper is a high-growth copper and gold producer headquartered in Vancouver, B.C. but who operates in Brazil. It has a market cap of just $1.5 billion. It's primary asset is a 99.6% interest in the Brazilian copper mining company Mineracao Caraiba S.A., which is a 100% owner of the Caraiba Operations and the Tucuma Operation. In addition to copper, Ero Copper also owns 97.6% of NX Gold S.A. which owns the Xavantina Operations, a gold and silver mine located in Mato Grosso State, Brazil. In July 2024, Ero Copper signed a definitive earn-in agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Projected in Para State, Brazil. Tucuma Operation Achieves Commercial Production as of July 1, 2025 On July 3, 2025, Ero Copper announced that the Tucuma Operation, located in Para State, Brazil, achieved commercial production effective July 1, 2025. The company had long planned for this event in the first half of 2025. Copper production at Tucuma totaled approximately 6,400 tonnes during Q2, including about 2,000 tonnes of copper produced during the second half of June. A Big Beat in Q1 2025 On May 5, 2025, Ero Copper reported its first quarter results and easily blew by the Zacks Consensus reporting $0.35 versus the consensus of $0.17. It has beaten three out of the last four quarters. At the Caraiba operation, the average C1 cash cost was $2.22 per pound. At the Xavantina operations, C1 cash costs were $1,100 per ounce with an All-in Sustaining Cost of $2,228 per ounce. Ero Copper has a streaming agreement with streamer Royal Gold. Total proceeds from that agreement are $160 million as of the end of the first quarter. It's got cash on hand. At the end of the first quarter available liquidity was $115.6 million, including $80.6 million in cash and $35 million of undrawn availability under the company's senior secured revolving credit facility. Ero Copper Reaffirmed Full Year Guidance Ero Copper reaffirmed its full year expenditure guidance of $230 to $270 million. With the Tucuma Operation now producing commercially, it expects growth in copper production in the second half. Analysts Are Bullish on Ero Copper for the Full Year Copper recently hit new all-time highs above $5.50 per pound. Gold has hit new all-time highs in 2025 and is hanging out above $3000 per ounce. 1 estimate has been raised for both 2025 and 2026 in the last week. That has pushed up the 2025 Zacks Consensus Estimate to $2.07 from $2.02. That's earnings growth of 165.4% as the company only made $0.78 last year. Analysts are bullish on 2026 too. The Zacks Consensus has jumped to $2.78 from $2.61 in the last 7 days. That's earnings growth of 34.1%. It's volatile on the price and consensus chart, however. Shares of Ero Copper Rally Big in the Last 3 Months As you can see from the 5-year price and consensus chart above, it's been a wild ride for long-term investors. But over the last 3 months, the bulls have been in charge and the shares have rallied big, easily beating even the small cap index, the Russell 2000 (IWM). Ero Copper is cheap. It trades with a forward price-to-earnings (P/E) ratio of just 6.9. But risks remain. President Trump recently announced a 50% tariff on copper and a 50% tariff on goods out of Brazil. Tune in on the next earnings call, expected on July 31, 2025, to hear from the company. For those looking for a way to play the record high copper prices, Ero Copper should be on your short list. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Ero Copper Corp. (ERO): Free Stock Analysis Report
Globe and Mail
09-07-2025
- Business
- Globe and Mail
TSX Sprints Amid Tariff Concerns
Canada's main stock index inched up on Wednesday, buoyed by real estate shares, with investors on the lookout for trade and tariff updates. The TSX Composite Index leaped 81.13 points to reach Wednesday afternoon at 26,984.76 The Canadian dollar was down 0.15 cents at 73.01 cents U.S. Meanwhile, Nissan Motor halted production of three models for Canada at its Tennessee and Mississippi plants amid mutual tariffs imposed by the U.S. and Canada on auto exports. The Globe and Mail reported that asset manager Blackstone and U.S. equity funds were in talks to buy H&R assets with an activist investor pressuring the real estate investment trust to sell. Units of H&R captured 62 cents, or 5.2%, to $12.61. Miner Ero Copper withered $1.72, or 8%, to $19.82, and Capstone Copper declined 17 cents, or 2%, to $8.20. EQB rose $2.05, or 2%, to $104.77 after the lender said former finance head Chadwick Westlake will return as its CEO, just months after he left to become the chief financial officer at software firm OpenText. Shares of OpenText fell $1.82, or 4.4%, to $39.47. ON BAYSTREET The TSX Venture Exchange inched up 2.97 points to pause for lunch Wednesday at 754.88 All but two of the 12 TSX subgroups were ahead, with gold improving 1%, materials up 0.7%, and real-estate jumping 0.6%. The two laggards proved to be telecoms, down 0.8%, and consumer staples, fading 0.2%. ON WALLSTREET The S&P 500 rose Wednesday, led by tech, as Nvidia reached a major milestone and investors monitored the latest tariff updates from President Donald Trump. The Dow Jones Industrials rebounded 66.08 points to 44,306.84. The much-broader index revived 16.66 points to 6,242.18. The NASDAQ Composite barreled ahead 104.68 points, or 1%, to 20,523.14. Nvidia shares traded $3.26, or 2%, higher, to $163.26, making it the first company to reach a market capitalization of $4 trillion. Other major tech names also rose, including Meta Platforms, Microsoft and Alphabet. On Wednesday, Trump sent letters dictating new U.S. tariff rates on goods from at least six more countries, including the Philippines and Iraq. This comes after Trump posted letters setting new duties earlier this week to the leaders of 14 other countries, including South Korea and Japan. Those moves came as traders seemingly shrugged off the latest tariff-related headlines of the week. In addition to watching further tariff policy developments on Wednesday, traders will be monitoring the release of the Federal Open Market Committee's minutes from its last meeting. Prices for the 10-year treasury gained, raising yields to 4.37% from Tuesday's 4.41%. Treasury prices and yields move in opposite directions. Oil prices recovered 20 cents to $68.53 U.S. a barrel. Gold prices were unchanged at $3,316.90 U.S. an ounce.
Business Insider
09-07-2025
- Business
- Business Insider
Ero Copper downgraded to Sector Perform from Outperform at National Bank
National Bank analyst Shane Nagle downgraded Ero Copper (ERO) to Sector Perform from Outperform with a C$24.50 price target Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
01-07-2025
- Business
- Yahoo
Ero Copper Expands Royal Gold Deal at Xavantina
Ero Copper Corp. (NYSE:ERO) is among the 11 Best Copper Stocks to Buy Now. It renewed its Precious Metals Purchase Agreement with Royal Gold with a $50 million Stream Supplement, bringing total proceeds to $160 million since 2021. A vast open-pit mine in a remote area, revealing the mining operations of the company. Ero Copper Corp. (NYSE:ERO) has extended Stage II gold delivery milestones at its Xavantina Operations in Brazil and broadened the stream's sphere of effect in return. It is anticipated that additional gold delivery under the Stream Supplement will start in 2028. Royal Gold will continue to receive 25% of the gold produced at 20% of the spot price under the revised terms, which apply to the first 49,000 ounces (Stage I), of which 45,177 ounces had been delivered by December 31, 2024. Royal Gold will get 25% of the gold at 40% of the spot price under stage II terms, which are in effect until 160,000 cumulative ounces are delivered. Stage III will generate 10% of production at 40% of the spot price for the life of the mine. Royal Gold's allocation is increased by 40,200 ounces by the Stream Supplement. The proceeds help Xavantina's long-term growth and 2025 capital expenditure plans. While we acknowledge the potential of ERO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None.
Yahoo
27-06-2025
- Business
- Yahoo
Strength Seen in Ero Copper (ERO): Can Its 9.0% Jump Turn into More Strength?
Ero Copper Corp. (ERO) shares ended the last trading session 9% higher at $17.25. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.8% gain over the past four weeks. Ero Copper has gained in tandem with the recent gains in copper prices. Copper futures climbed above $5 per pound as traders accelerated shipments toward the United States to get ahead of potential tariffs. Since the Trump administration launched a probe into copper imports in February, around 400 kilotons have been rushed into the United States, tightening global supply. Sentiment was further buoyed by easing Middle East tensions, reduced fears of retaliatory tariffs, anticipated Chinese stimulus, and a more dovish Fed, factors that collectively strengthen the global demand outlook. This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +138.9%. Revenues are expected to be $195 million, up 66.5% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Ero Copper, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on ERO going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Ero Copper belongs to the Zacks Mining - Non Ferrous industry. Another stock from the same industry, Centrus Energy Corp. (LEU), closed the last trading session 3.4% lower at $174.96. Over the past month, LEU has returned 41.8%. For Centrus Energy, the consensus EPS estimate for the upcoming report has changed -21.3% over the past month to $0.67. This represents a change of -64.6% from what the company reported a year ago. Centrus Energy currently has a Zacks Rank of #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ero Copper Corp. (ERO) : Free Stock Analysis Report Centrus Energy Corp. (LEU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
