에 대한 최신 뉴스 Ero Copper (NYSE:ERO) 주식

Ero Copper

Ero Copper Corp is a base metals mining company. It is predominantly focused on the production and sale of copper with gold and silver produced and sold as by-products. Ero's operations are segmented between its mines in Brazil, the Caraiba Operations and the Xavantina Operations, its development project, the Tucuma Project in Brazil and corporate. Majority revenue is generated from its Caraiba Operations segment which consists of mining operations and processing facilities including the Pilar and Vermelhos underground mines and the Surubim open pit mine.

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금요일은 최근 몇 년 동안 금속 원자재 가격이 가장 강한 날 중 하나가 될 것으로 예상된다. 금은 1.7% 이상 상승해 온스당 2,400달러를 넘어 사상 최고치를 기록했고, 은은 6% 이상 급등해 2013년 2월 이후 최고치까지 올랐으며, 구리는 사상 최고치를 기록했다.

은 가격은 11년 만에 최고치, 금과 구리는 사상 최고점 기록: 광산 주식 급등

Ero Copper Corp

EUROFINS SCITIFIC SA SE by Eurofins Scientific Nante

EROS RESOURCES CORP by Eros Resources Corp.

Eros Resources Corp

HUMAN PHEROMONE SCIENCE by Human Pheromone Sciences, Inc.

SifChain

Commercial Metals Company&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmc#NYSE">CMC</a>) results are gaining from strong demand in North America for each of its primary product lines. CMC is implementing price rises across its mill products, which will aid growth. The company&#39;s solid balance sheet bodes well.
However, results have been impacted by lower steel product margins than scrap costs. The company expects margins on steel products to experience further compression in the upcoming quarters. Sluggish demand in Europe is putting pressure on pricing and margins. These market conditions in Europe are expected to persist.
Solid Demand &amp; Pricing Actions: The impacts of the robust demand in North America for each of Commercial Metals&#39; major product lines are expected to be reflected in the company&#39;s results. CMC is also implementing price rises across its mill products in response to rapidly rising scrap costs, which will sustain margins.
The company expects the financial performance of the Emerging Businesses Group to gain from stable underlying market fundamentals and a solid order book. Business circumstances for the Europe Steel Group are gradually improving and should further benefit from increasing residential construction activity.
Impressive Strategic Actions: Commercial Metals will benefit from the Infrastructure Investment and Jobs Act signed in November 2021, which will provide 1.2 trillion in funding over five years and stimulate an estimated 1.5 million tons of incremental annual rebar demand at a full run rate.
The commissioning of the Arizona 2 micro mill, as well as the addition of Tensar&#39;s engineered solutions capabilities, will provide the company with greater flexibility to capitalize on these favorable demand conditions.
Commercial Metals&#39; focus on augmenting its core capabilities while expanding growth in markets, customer groups and applications will aid growth. The company continues to gain from its ongoing network optimization efforts, which will yield additional margins and reduce costs in the near future.
Strong Balance Sheet: Commercial Metals&#39; total liquidity reached $1.5 billion as of May 31, 2024. The company reported cash and cash equivalents of $698 million at the end of the third quarter of fiscal 2024 compared with $592 million at the end of fiscal 2023.
Its strong liquidity, financial position and focus on reducing debt by strategic capital allocation approach will stoke growth. This further underscores the company&#39;s ability to meet debt obligations.
On Jun 19, Commercial Metals declared a quarterly dividend of 18 cents per share. The dividend will be paid out on Jul 10 to shareholders of record as of Jul 1, 2024.
<h3>Near-Term Concerns</h3>
The company has been bearing the impacts of lower steel product margins over scrap costs in North America and Europe. European Union sanctions placed on imported materials from Russia and Belarus are expected to tighten the supply of long steel products. If the situation persists, this is expected to dent the company&#39;s margin.
In Europe, sluggish demand put pressure on pricing and margins in the first half of fiscal 2024. Sentiment and activity levels in the company&#39;s construction and industrial end markets were impacted by general economic uncertainties.
In response to market imbalances, the Polish long steel industry has significantly reduced production and inventory levels. Conditions in Europe are projected to be challenging, weighing on the company&#39;s results.
<h3>Price Performance</h3>
Shares of CMC have gained 2.3% in the past year against the industry&#39;s decline of 0.2%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/47/70394.jpg?v=215679639" />
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Commercial Metals currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>), Ecolab Inc. and ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>). While ERO sports a Zacks Rank #1 (Strong Buy), ECL and ATI carry a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Ero Copper&#39;s 2024 earnings is pegged at $1.66 per share. The consensus estimate for 2024 earnings has moved 20.3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 53.9%. ERO shares have gained 9.5% in a year.
The Zacks Consensus Estimate for Ecolab&#39;s 2024 earnings is pegged at $6.59 per share, indicating an increase of 26.5% from the prior year&#39;s reported number. It has an average trailing four-quarter earnings surprise of 1.3%. ECL shares have gained 34.5% in a year.
The Zacks Consensus Estimate for ATI&#39;s 2024 earnings is pegged at $2.41 per share. The Zacks Consensus Estimate for ATI&#39;s current-year earnings has been revised 3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 8.3%. The company&#39;s shares have rallied 65.9% in the past year.
<a href="https://www.zacks.com/stock/news/2297275/commercial-metals-cmc-bets-on-us-demand-as-europe-market-ails?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2297275">To read this article on Zacks.com click here.</a>

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Commercial Metals Bets on US Demand as Europe Market Ails

Suzano S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/suz#NYSE">SUZ</a>) announced that it acquired a 15% stake in Lenzing&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/lnznf#OTC">LNZNF</a>) from its current majority stakeholder, B&amp;C Group. This move will help Suzano gain proximity to new markets. 
The deal was set at 230 million euros ($249 million). Suzano and B&amp;C will form a long-term syndicate to hold a 52.25% stake in the Vienna-based cellulosic fibers supplier company. B&amp;C will hold the majority of the stake (37.25%) and remain the controlling member of the new syndicate. 
Under the deal, Suzano can acquire a further 15% stake in Lenzing from B&amp;C until 2028. 
Lenzing is a global supplier of premium cellulosic fibers for the textile and non-woven industry. This deal will further strengthen Lenzing&#39;s position as a global market leader for sustainable cellulosic fibers. SUZ aims to boost Lenzing&#39;s position with its established technology, product range and technical knowledge. 
SUZ will gain from Lenzing&#39;s deep-rooted understanding of pulp production and cost excellence. The partnership will help Suzano&nbsp; to strengthen its competitive position and global presence. 
The transaction marks the continuation of Suzano&#39;s strategy to focus on investments, which will enlarge its addressable market in scalable and competitive business models. The investment also moves the company closer to end consumers. 
Suzano reported annual net revenues of more than $7.6 billion in 2023. In the first quarter of 2024, the company reported net sales of $1.9 billion, down from the $2.2 billion reported in the prior-year quarter. The bottom line fell 95.8% year over year to 3 cents in the first quarter. The downside was due to seasonal effects on sales in the sector, and the recovery trend of international pulp prices and stable production costs.
<h3>Price Performance</h3>
Shares of Suzano have lost 3.7% in the past year against the industry&#39;s 35.9% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/32/68750.jpg?v=51850065" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
SUZ currently flaunts a Zacks Rank #1 (Strong Buy). 
Some other top-ranked stocks from the basic materials space are Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>), Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>) and ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>). ERO sports a Zacks Rank #1 at present, and ECL and ATI have a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Ero Copper&#39;s 2024 earnings is pegged at $1.66 per share, indicating year-over-year growth of 95%. The consensus estimate for 2024 earnings has moved 20.3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 53.9%. ERO shares have gained 9.5% in a year. 
The Zacks Consensus Estimate for Ecolab&#39;s 2024 earnings is pegged at $6.59 per share, suggesting an increase of 26.5% from the prior year&#39;s reported number. It has an average trailing four-quarter earnings surprise of 1.3%. ECL shares have gained 34.5% in a year. 
The Zacks Consensus Estimate for ATI&#39;s 2024 earnings is pegged at $2.41 per share. The Zacks Consensus Estimate for ATI&#39;s current-year earnings has been revised 3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 8.3%. The company&#39;s shares have rallied 65.9% in the past year.
<a href="https://www.zacks.com/stock/news/2288014/suzano-suz-buys-15-stake-in-lenzing-to-boost-market-presence?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2288014">To read this article on Zacks.com click here.</a>

Small Cap

LNZNF

Suzano Buys 15% Stake in Lenzing to Boost Market Presence

Ero Copper Announced That It Has Received The Operational License For The Tucumã Project – The Last Remaining Permitting Milestone For Commercial Operation

Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) has been gaining from strong demand in its markets, cost-cutting initiatives and efforts to preserve liquidity. Acquisitions and investing in additive manufacturing will also aid growth. 
Solid Backlog &amp; Strong Demand: In the third quarter of fiscal 2024, CRS&#39;s backlog increased 3% sequentially and 12% year over year, backed by strong booking growth. The company expects continued growth across its end-use markets, especially in Aerospace, Defense and Medical applications, which is expected to boost its fiscal 2024 results. Notably, Aerospace is gaining from the pickup in global travel. Demand continues to accelerate across all aerospace submarkets as the supply chain ramps up to meet steadily increasing travel demand. 
The company&#39;s record backlog levels indicate a positive near and long-term outlook for each end-use market. 
Impressive Pricing Actions &amp; Productivity: Despite a decline in revenues due to lower shipment volumes in the third quarter of fiscal 2024. CRS achieved a solid improvement in its earnings, courtesy of improved productivity, product mix optimization and pricing actions. For 2024, CRS projects an adjusted operating profit of $339-$344 million. If achieved, 2024 would mark the company&#39;s most profitable year on record. 
Carpenter Technology demonstrated its recovery growth trajectory through fiscal 2023, with increased productivity across the company&#39;s facilities. It expects to make substantial progress in fiscal 2024. To further drive shareholder returns, the company seeks to incorporate strategic initiatives to maximize market demand, accelerate growth, optimize operations and generate cash. 
Upbeat Long-Term Targets: The company previously expected operating income to double from the fiscal 2019 reported level by fiscal 2027. At the end of the third quarter of fiscal 2024, it revised its objective of $460 million to $500 million in operating income from fiscal 2027 to fiscal 2026. The upside will primarily be driven by higher prices, improved product mix and increased volumes. The rise in operating income will provide significant cash flow over the next several years, adding value to the company&#39;s stockholders. 
Strong Financial Position: Carpenter Technology&#39;s total liquidity (including cash and available credit facility borrowings) was $402 million at the end of the third quarter of fiscal 2024. This consisted of $53 million of cash in hand and $349 million of available borrowings under the credit facility. Its long-term debt was around $694 million at the end of the third quarter of fiscal 2024. The company has identified additional actions to preserve and manage cash and plans to deploy those actions as and when necessary. 
It continues to realize price and share gains through contract renewals and price increases in its transactional business. The company continues to implement the Carpenter operating model to address any short-term challenges and increase productivity across facilities.
<h3>Price Performance</h3>
Shares of the company have gained 104.5% in the past year compared with the industry&#39;s 45.8% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/52/68575.jpg?v=2117795780" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
Carpenter Technology currently flaunts a Zacks Rank #1 (Strong Buy). 
Some other top-ranked stocks from the basic materials space are Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>), Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>) and ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>). ERO sports a Zacks Rank #1 at present, and ECL and ATI have a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Ero Copper&#39;s 2024 earnings is pegged at $1.66 per share. The consensus estimate for 2024 earnings has moved 20.3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 53.9%. ERO shares have gained 9.5% in a year. 
The Zacks Consensus Estimate for Ecolab&#39;s 2024 earnings is pegged at $6.59 per share, indicating an increase of 26.5% from the prior year&#39;s reported number. It has an average trailing four-quarter earnings surprise of 1.3%. ECL shares have gained 34.5% in a year. 
The Zacks Consensus Estimate for ATI&#39;s 2024 earnings is pegged at $2.41 per share. The Zacks Consensus Estimate for ATI&#39;s current-year earnings has been revised 3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 8.3%. The company&#39;s shares have rallied 65.9% in the past year.
<a href="https://www.zacks.com/stock/news/2286867/solid-demand-pricing-actions-aid-carpenter-technology-crs?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2286867">To read this article on Zacks.com click here.</a>

Solid Demand, Pricing Actions Aid Carpenter Technology

Comstock Inc. (AMEX:LODE) announced revisions to its agreements with RenFuel K2B AB regarding the development of RenFuel&#39;s previously planned biorefinery project at a pulp and paper mill in Sweden. The changes also aim to broaden the scope of Comstock&#39;s partnership with RenFuel in the European markets. This move will significantly expand the markets of their joint technologies. 
The amendments enable the liquidation of RenFuel&#39;s majority-owned subsidiary, RenFuel K2B Lignolproduktion AB. RenFuel formed the subsidiary to run its previously planned Swedish biorefinery as part of a joint venture with Preem. Comstock declined its option to step into the JV. 
The expanded partnership better positions both parties for the building and management of a larger-scale commercial facility based on the joint Comstock-RenFuel technologies in Europe, following the completion of Comstock&#39;s first planned facilities in the Americas. 
Comstock has already used RenFuel&#39;s patented catalytic esterification technology to refine its proprietary Bioleum derivatives into Hydrodeoxygenated Bioleum Oil capable of producing both SAF and Renewable Diesel Fuel. LODE has an exclusive license to RenFuel&#39;s refining technologies across North, Central and South America. 
Comstock aims to prioritize a number of opportunities for commercial facility construction in the Americas based on joint applications of Comstock and RenFuel technologies. This includes an initial 50,000 TPY facility and at least one 1,000,000 TPY facility primarily designed to convert qualified biomass feedstocks into Sustainable Aviation Fuel and Renewable Diesel. This is consistent with all of LODE&#39;s current negotiations with strategic and capital partners. 
The company reported a quarterly loss of 6 cents per share in the first quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 4 cents. The bottom line was flat year over year. Comstock posted revenues of $0.43 million for the quarter ended March 2024.&nbsp;
<h3>Price Performance</h3>
LODE shares have fallen 68% in the past year against the industry&#39;s growth of 7.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/56/68574.jpg?v=318031851" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Comstock currently has a Zacks Rank #5 (Strong Sell). 
Some better-ranked stocks from the basic materials space are Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>), Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>) and ATI Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ati#NYSE">ATI</a>). ERO sports a Zacks Rank #1 (Strong Buy) at present, and ECL and ATI have a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Ero Copper&#39;s 2024 earnings is pegged at $1.66 per share. The consensus estimate for 2024 earnings has moved 20.3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 53.9%. ERO shares have gained 9.5% in a year. 
The Zacks Consensus Estimate for Ecolab&#39;s 2024 earnings is pegged at $6.59 per share, indicating an increase of 26.5% from the prior year&#39;s reported number. It has an average trailing four-quarter earnings surprise of 1.3%. ECL shares have gained 34.5% in a year. 
The Zacks Consensus Estimate for ATI&#39;s 2024 earnings is pegged at $2.41 per share. The Zacks Consensus Estimate for ATI&#39;s current-year earnings has been revised 3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 8.3%. The company&#39;s shares have rallied 65.9% in the past year.
<a href="https://www.zacks.com/stock/news/2286866/comstock-lode-amends-its-partnership-deal-with-renfuel?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2286866">To read this article on Zacks.com click here.</a>

LODE

Comstock Amends Its Partnership Deal With RenFuel

Friday is shaping up to be one of the strongest days for metal commodities in recent years. Gold climbed over 1.7% toward a record-high close above $2,400 per ounce, silver surged more than 6% to its highest level since February 2013, and copper hit <a href="https://www.benzinga.com/topic/mining">an all-time high.</a>
What Happened: In a week marked by diminishing inflation fears, the case for Federal Reserve rate cuts strengthened. Additionally, news of a broad-based Chinese stimulus to support the struggling real estate sector sent metal commodities skyrocketing. Beijing announced measures such as reducing down payments for homebuyers and a state-financed package to convert unsold<a href="https://www.benzinga.com/markets/asia/24/05/38895805/china-goes-all-in-as-beijing-vows-to-buy-unsold-properties-chinese-stocks-rally-copper-hits-all-time"> properties into social housing.</a>
Copper, extremely sensitive to China&#8217;s economic health as the country is the top purchaser of the red metal, rallied 4% to above $5 a pound. This surge marked a fresh weekly all-time high and its strongest day since November 2022.
Precious metals like silver and gold positively reacted to both interest-rate and Chinese-related developments. Silver spiked above $30, breaking out of a triple-top resistance pattern.
Chart: Copper Hits All-Time High
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-1024x495.png" alt="" class="wp-image-344275" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Expert Insights on Metal Commodities</h3>
According to Otavio Costa, macro strategist at Crescat Capital, central banks are &#8220;acquiring gold to enhance the quality of their international reserves and thereby strengthen the credibility of their monetary systems.&#8221; 
He highlighted that unlike many investors and traders, central banks have a long-term perspective, meaning that &#8220;the accumulation of gold by these institutions is just beginning.&#8221;
According to analysts at Goldman Sachs, copper remains a focus amid an ongoing short squeeze that has sent futures to record highs. The investment bank maintains a positive outlook on copper, citing the market&#8217;s structural deficit and forecasting a 20% increase from current levels.
Jeff Currie, former Goldman Sachs commodities strategist and now chief strategy officer of energy pathways at Carlyle Group, stated in a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-05-17/jeff-currie-says-copper-is-the-best-trade-he-s-seen-in-his-career?sref=TBDibEcD">interview </a>that the red mental still has more room to run, emphasizing copper&#8217;s importance in powering electric vehicles, updated grids and AI data centers.
Chart: Silver Notches Best-Performing Week Since August 2020
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-1024x495.png" alt="" class="wp-image-344292" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Mining Stocks Surge</h3>
The rally in metal commodities fueled broad-based gains on mining stocks. 
<ul>
<li>The SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>) rose 1.8% reaching April 2022 highs. Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) and Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) were the top gainers among miners, both up by 11%. </li>
</ul>
<ul>
<li>The Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>) skyrocketed 4.3%, hitting a record high since the fund&#8217;s inception in 2010. Taseko Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGB#NYSE">TGB</a>), Ero Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>), and First Quantum Minerals Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) were the fund&#8217;s top performers, up 7.3%, 6.8% and 6.6%, respectively</li>
</ul>
<ul>
<li>The Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) rose 5%, reaching April 2022 highs. Besides Coeur Mining and Hecla Mining Company, Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>) also performed strongly, up 10%. </li>
</ul>
<ul>
<li>The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) surged 3%, also reaching April 2022 highs, with New Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGD#NYSE">NGD</a>) topping the performance among gold miners, up nearly 12%.</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38894659/bank-of-americas-contrarian-guru-unveils-best-portfolio-hedge-against-hard-landing-">Bank Of America&#8217;s Contrarian Guru Unveils Best Portfolio Hedge Against Hard Landing: &#8216;No One Is Long&#8217;</a>
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Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks' Wild Ride

WIIM

SCCO

Shares of copper-related companies are trading higher as copper rises amid Chinese measures to support the property sector.

Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.10 by 60 percent. This is a 33.33 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $105.800 million which beat the analyst consensus estimate of $99.925 million by 5.88 percent. This is a 4.75 percent increase over sales of $101.000 million the same period last year.

Earnings Beats

Ero Copper Q1 2024 Adj EPS $0.16 Beats $0.10 Estimate, Sales $105.800M Beat $99.925M Estimate

U.S. stock futures were higher this morning, with the Dow futures gaining by more than 100 points on Wednesday.
Shares of GameStop Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) fell sharply in today&rsquo;s pre-market trading as the company posted weaker-than-expected <a href="https://www.benzinga.com/news/earnings/24/03/37946470/gamestop-q4-earnings-highlights-retail-favorite-stock-plunges-after-revenue-eps-miss">results for its fourth quarter on Tuesday</a>.
GameStop reported fourth-quarter net sales of $1.794 billion, down from $2.226 billion year-over-year. The net sales total missed a Street consensus estimate of $2.05 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company reported earnings per share of 22 cents for the fourth quarter, missing a Street estimate of 29 cents per share.
GameStop shares dipped 14.9% to $13.19 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>) shares tumbled 39.8% to $15.95 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Forge Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frge#NYSE">FRGE</a>) dipped 12.4% to $2.32 in pre-market trading after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) shares fell 12.1% to $3.45 in pre-market trading. Mesoblast shares jumped over 78% on Tuesday after the FDA informed the company that the available clinical data from its Phase 3 study MSB-GVHD001 appears sufficient to support submission of the proposed Biologics License Application for remestemcel-L for treatment of pediatric patients with steroid-refractory acute graft versus host disease.</li>
<li>Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>) shares declined 8.3% to $17.02 in pre-market trading. On March 7, Ero Copper posted downbeat quarterly earnings.</li>
<li>Waterdrop Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wdh#NYSE">WDH</a>) shares fell 7% to $1.20 in pre-market trading. Waterdrop declared a special cash dividend, the aggregate payment of which amounted to approximately US$15 million.</li>
<li>Cenovus Energy Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cve#NYSE">CVE</a>) shares declined 5.7% to $18.74.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) shares fell 4.5% to $8.16 in pre-market trading.</li>
<li>BrightSpire Capital, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brsp#NYSE">BRSP</a>) fell 4.1% to $6.40 in pre-market trading.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/03/37951094/carnival-gamestop-and-3-stocks-to-watch-heading-into-wednesday"> Carnival, GameStop And 3 Stocks To Watch Heading Into Wednesday</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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GameStop Posts Downbeat Results, Joins Direct Digital, Forge Global And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.23 by 8.7 percent. This is a 12.5 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $116.40 million which beat the analyst consensus estimate of $104.20 million by 11.71 percent. This is a 0.26 percent decrease over sales of $116.70 million the same period last year.

Earnings Misses

Ero Copper Q4 Adj $0.21 Misses $0.23 Estimate, Sales $116.40M Beat $104.20M Estimate

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Chemomab Therapeutics Ltd. - American Depositary Shares

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PowerShares Dynamic Industrials Sector Portfolio

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Earnings Scheduled For March 7, 2024

Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) is set to give its latest quarterly earnings report on Thursday, 2024-03-07. Here's what investors need to know before the announcement.
Analysts estimate that Ero Copper will report an earnings per share (EPS) of $0.23. 
Ero Copper bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 0.22% drop in the share price the next day.
Here's a look at Ero Copper's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.18</td>
<td>0.23</td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.18</td>
<td>0.24</td>
<td>0.24</td>
<td>0.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Ero Copper were trading at $17.08 as of March 05. Over the last 52-week period, shares are up 3.46%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ERO/earnings">To track all earnings releases for Ero Copper visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Ero Copper's Earnings

Ero Copper Corp. (TSX:<a href="https://www.benzinga.com/stock/ERO#TSX">ERO</a>, NYSE:<a href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) ("Ero" or the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets (collectively, the "Underwriters"), under which the Underwriters have agreed to purchase, on a bought deal basis, 8,510,000 common shares (the "Common Shares"), at a price of US$12.35 per Common Share for gross proceeds of approximately US$105 million (the "Offering"). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any, and for market stabilization purposes. The Offering is expected to close on or about November 14, 2023 and is subject to the Company receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and New York Stock Exchange.
The net proceeds from the Offering will be used to advance growth initiatives at the Company's Tucumã Project and Caraíba Operations, advance regional exploration programs, as well as for general corporate and working capital purposes.
The Common Shares are being offered for sale pursuant to the Offering in all of the provinces and territories of Canada, other than Quebec, by way of a Canadian prospectus supplement (the "Prospectus Supplement") to the Company's Canadian short form base shelf prospectus dated August 18, 2023 (the "Base Shelf Prospectus"). The Common Shares are being offered for sale in the public offering in the United States pursuant to an effective registration statement on Form F-10 (the "Registration Statement") filed under the Canada/U.S. multi-jurisdictional disclosure system. Before investing, prospective purchasers in Canada should read the Prospectus Supplement, the Base Shelf Prospectus, and the documents incorporated by reference therein, and prospective purchasers in the United States should read the Registration Statement and the documents incorporated by reference therein for more complete information about the Company and the Offering. Common Shares may also be offered on a private placement basis in other international jurisdictions in reliance on applicable private placement exemptions.
Copies of the Prospectus Supplement, the Base Shelf Prospectus, and the Registration Statement, when available, may be obtained upon request in Canada by contacting BMO Nesbitt Burns Inc., Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 by telephone at 905-791-3151 Ext 4312 or by email at <a href="https://www.globenewswire.com/Tracker?data=I4skQto519gUZZQOfV8IZ4CO66bKv1FSMKIPQWPp-KhVa635bcEha3LQREIqWTaJNYrNPo_SkYivWR9I9CHF3nUQCnYV8lLIRxh_c1JQTXc92vJDo5s6MZRewAeukbgM">torbramwarehouse@datagroup.ca,</a> and in the United States by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by telephone at (800) 414-3627 or by email at <a href="https://www.globenewswire.com/Tracker?data=5Mx_lmxBvc0hShJfiLRd4ntia0m21ECdGeV1vvCHaTdSytfQ7cVQgfEPY1zzcrmvgztlmZy7nENsoM8rhmUP_wKRKxjDzhxtmCGjmIOcMMA=">bmoprospectus@bmo.com.</a> Copies of the applicable offering documents, when available, can be obtained free of charge under the Company's profile on SEDAR+ at <a href="https://www.globenewswire.com/Tracker?data=uoWzlQ67V3BbCa87WLSW6YyLn-ecu7ykyO5e_S8FhOIShibiAvY6uy2Lc8STUvZNRwIt0G1QcX9M4C8921Jg2OrVhfT3-60ZKgxWCZRRAb0=">www.sedarplus.ca/</a> landingpage/ and EDGAR at <a href="https://www.globenewswire.com/Tracker?data=uoWzlQ67V3BbCa87WLSW6Qnkwm2gLje1ZE1ofaXTiDQCCTG7wG0MFj5ngRt1i8ErHWb5IfPkDSPx5wOUmn53yw==">www.sec.gov.</a>
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Financing

Ero Copper Announces $105M Bought Deal Financing

Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) reported quarterly earnings of $0.18 per share which met the analyst consensus estimate. This is a 350 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $105.20 million which missed the analyst consensus estimate of $108.00 million by 2.59 percent. This is a 22.47 percent increase over sales of $85.90 million the same period last year.

Ero Copper Q3 Adj EPS $0.18, Inline, Sales $105.20M Miss $108.00M Estimate

Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-02. Here's what investors need to know before the announcement.
Analysts estimate that Ero Copper will report an earnings per share (EPS) of $0.18. 
Ero Copper bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 1.09% drop in the share price the next day.
Here's a look at Ero Copper's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.23</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.24</td>
<td>0.24</td>
<td>0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.09%</td>
<td>-1.74%</td>
<td>3.15%</td>
<td>-18.58%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Ero Copper were trading at $13.57 as of October 31. Over the last 52-week period, shares are up 29.75%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/ERO/earnings">To track all earnings releases for Ero Copper visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Ero Copper

Guidance

Ero Copper Disclosed That Its Tucumã Project Achieved Major Milestone at Over 70% Physical Completion, On Track for First Copper Production in H2 2024, Confirms Project Capital Expenditures Outlook Of About $305M

Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.23 by 4.35 percent. This is a 11.11 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $104.90 million which missed the analyst consensus estimate of $109.00 million by 3.76 percent. This is a 8.70 percent decrease over sales of $114.90 million the same period last year.

Ero Copper Q2 Adj EPS $0.24 Beats $0.23 Estimate, Sales $104.90M Miss $109.00M Estimate

Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) is set to give its latest quarterly earnings report on Thursday, 2023-08-03. Here's what investors need to know before the announcement.
Analysts estimate that Ero Copper will report an earnings per share (EPS) of $0.23. 
Ero Copper bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Ero Copper's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.24</td>
<td>0.04</td>
<td>0.27</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.74%</td>
<td>3.15%</td>
<td>-18.37%</td>
<td>-7.96%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Ero Copper were trading at $23.48 as of August 01. Over the last 52-week period, shares are up 160.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ERO/earnings">To track all earnings releases for Ero Copper visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Ero Copper's Earnings Outlook

Mining season is in full throttle, with traders and investors hotly anticipating the drill results from the summer drill programs of junior companies in the sector.
Following the enactment of President Joe Biden&rsquo;s Inflation Reduction Act, all eyes have been focused on the minerals and metals that will be the most important for the energy transition. Although copper isn&rsquo;t officially listed as a critical mineral, the amount needed to produce clean energy will be enormous.
At the Prospectors and Developers Association Conference (PDAC) in March, co-head of the EV battery materials research group and senior expert at McKinsey &amp; Company Ken Hoffman highlighted the importance of copper for the energy transition, stating that its value will <a href="https://www.benzinga.com/news/23/03/31265433/exclusive-ev-battery-guru-ken-hoffman-at-pdac-talks-critical-minerals-which-metals-will-rise-which-o">soar over the next decade</a>.
Sprott Junior Copper Miners ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/copj#NASDAQ">COPJ</a>)<a href="https://sprottetfs.com/copj-sprott-junior-copper-miners-etf/"> tracks mid-, small- and micro-cap</a> companies in copper-mining related businesses and corresponds to the total return performance of the Nasdaq-listed Sprott Junior Copper Miners Index. COPJ is the only <a href="https://www.benzinga.com/quote/COPJ">pure-play ETF</a> focusing on small copper miners, who will be critical in supplying the mineral, which is essential to EV batteries, wind and solar plants and other clean energy infrastructure.
The three largest holdings within COPJ are ERO Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>), weighted at 5.64%, Hudbay Minerals Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hbm#NYSE">HBM</a>), weighted at 5.46% and Ivanhoe Electric Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ie#NYSE">IE</a>), which is weighted at 5.32%.
The strength of COPJ is showing in its chart, with the ETF trading in a strong uptrend within a rising channel pattern.
Want direct analysis? Find me in the BZ Pro lounge! <a href="https://benzinga.grsm.io/1ih7p9hphj9p">Click here for a free trial</a>.
The COPJ Chart: COPJ entered into a rising channel pattern on May 5 and has made a fairly consistent series of higher highs and higher lows. The most recent higher low was formed on July 24 at $19.90 and the most recent higher high was printed at the $21.50 mark on July 15.
<ul>
<li>On Wednesday, COPJ was printing an inside bar pattern on lower-than-average volume to consolidate the recent upswing. The inside bar leans bullish because the ETF was trading higher before forming the pattern.</li>
<li>Traders can watch for big volume to eventually enter the ETF, which will break COPJ up or down from the pattern. If the ETF breaks bullishly, COPJ may find resistance at the top of the channel. If it breaks bearishly, support is likely to be found at the bottom trend line.</li>
<li>COPJ has resistance above at $21.44 and at $21.92 and support below at $20.57 and at $19.69.</li>
</ul>
<img alt="screenshot_2607.png" src="https://www.benzinga.com/files/u278075/screenshot_2607.png" style="height:427px; width:760px" />
Read More:&nbsp;<a href="https://www.benzinga.com/markets/penny-stocks/23/07/33254561/exclusive-copper-is-whats-going-to-drive-this-ev-revolution-says-american-pacific-ceo-about-">EXCLUSIVE: &#39;Copper Is What&#39;s Going To Drive This EV Revolution&#39; Says American Pacific CEO About Copper, Zinc And The Energy Transition</a>

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With Copper Set To Drive The EV Revolution, This ETF Is The Only Pure-Play Fund Focusing On Junior Miners

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Analysts' Opinions Are Mixed on These Materials Stocks: Air Products and Chemicals (APD) and Ero Copper (ERO)

Ero Copper (TSE:ERO) has released an update. Ero Copper Corp. has announced the receipt of the Operational License for the Tucumã Project, with ove...

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There's a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Nutrien (NTR – Research Report) and Ero Copper (ERO –...

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