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

EROS MEDIA WORLD CL A ORD

HUMAN PHEROMONE SCIENCE by Human Pheromone Sciences, Inc.

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WIIM

Ero Copper shares are trading lower after the company reported worse-than-expected Q3 financial results. Also, the company's co-founder and chairman retired.

Gelson Batista will succeed DeFilippo as Chief Operating Officer.

News

Management

Ero Copper Says Co-founder And Chairman Noel Dunn To Retire; David Strang, Co-founder And Current CEO, To Assume Role Of Executive Chairman; Makko Defilippo To Be Appointed As President And CEO

Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) reported quarterly earnings of $0.27 per share which missed the analyst consensus estimate of $0.33 by 18.18 percent. This is a 50 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $124.80 million which missed the analyst consensus estimate of $155.25 million by 19.62 percent. This is a 18.63 percent increase over sales of $105.20 million the same period last year.

Earnings

Earnings Misses

Ero Copper Q3 2024 Adj EPS $0.27 Misses $0.33 Estimate, Sales $124.80M Miss $155.25M Estimate

With power now restored, the Company has safely resumed the ramp-up of milling, flotation, and filtration circuits within the processing plant.

Ero Copper Says Full Power Restored At Its Tucumã Operation Following Temporary Disruption Caused By Severe Localized Windstorm

Reported Sunday, Ero Copper's Tucumã Operations Impacted By Storm-Induced Power Outage, Full Restoration Expected Within 14 Days

Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>) shares rallied 5.2% in the last trading session to close at $23.11. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock&#39;s 4% gain over the past four weeks.
Ero Copper&#39;s share price has gained on the back of the surge in copper and gold prices. Copper futures for December delivery increased 3.33% in a day, closing at $4.64 per pound on Thursday as China implemented various stimulus measures to support economic growth. Copper prices have also been gaining after the Federal Reserve announced an aggressive interest cut of half a percentage point.
Gold price is currently around a record high of $2,670 per ounce as markets anticipate another rate cut in November. Risk of a broader conflict in the Middle East have also boosted prices.
This company is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of +166.7%. Revenues are expected to be $148.8 million, up 41.4% 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 been revised 10.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn&#39;t usually translate into price appreciation. 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).
Ero Copper belongs to the Zacks Mining - Non Ferrous industry. Another stock from the same industry, Lundin Mining (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lunmf#OTC">LUNMF</a>), closed the last trading session 4.2% higher at $10.75. Over the past month, LUNMF has returned 0.9%.
Lundin&#39;s consensus EPS estimate for the upcoming report has changed -8.7% over the past month to $0.21. Compared to the company&#39;s year-ago EPS, this represents a change of +90.9%. Lundin currently boasts a Zacks Rank of #3 (Hold).
<a href="https://www.zacks.com/stock/news/2342341/ero-copper-ero-stock-jumps-5-2-will-it-continue-to-soar?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2342341">To read this article on Zacks.com click here.</a>

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LUNMF

Ero Copper Stock Jumps 5.2%: Will It Continue to Soar?

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 beat the analyst consensus estimate of $0.16 by 12.5 percent. This is a 25 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $117.100 million which missed the analyst consensus estimate of $120.297 million by 2.66 percent. This is a 11.63 percent increase over sales of $104.900 million the same period last year.

Earnings Beats

Ero Copper Q2 2024 Adj. EPS $0.18 Beats $0.16 Estimate, Sales $117.100M Miss $120.297M Estimate

Ero Copper Corp. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ERO#TSX">ERO</a>, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) (&quot;Ero&quot; or the &quot;Company&quot;) is pleased to announce that it has signed a definitive earn-in agreement (&quot;Agreement&quot;) with Salobo Metais S.A, a subsidiary of Vale Base Metals Limited (&quot;VBM&quot;), to earn a&nbsp;60%&nbsp;interest in the Furnas Copper Project (&quot;Furnas&quot; or the &quot;Project&quot;) located in the Caraj&aacute;s Mineral Province in Par&aacute; State, Brazil. 
&nbsp;
The terms of the Agreement align with the previously signed binding term sheet outlined in the Company&#39;s press release dated October 30, 2023. For additional detail on the Project, including location maps, geologic cross sections, historical drill intercepts and a description of the Company&#39;s work programs, please refer to the Company&#39;s press release dated October 30, 2023.

TSX:ERO

Ero Copper Signs Agreement with Vale Subsidiary for 60% Stake in Furnas Copper Project

PPG Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ppg#NYSE">PPG</a>) reported a second-quarter 2024 profit of $528 million or $2.24 per share, up from $490 million or $2.06 per share in the year-ago quarter.
In the second quarter, excluding one-time items, adjusted earnings per share increased to $2.50 from $2.25 in the year-ago quarter, surpassing the Zacks Consensus Estimate of $2.48.
The company&#39;s revenues were $4,794 million in the quarter, down 1.6% year over year. The top line missed the Zacks Consensus Estimate of $4,913.5 million.
<div class="chart_embed">
<h3>PPG Industries, Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="PPG Industries, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d7/1721387769.png" style="height:265px; width:591px" title="" /></h3>
PPG Industries, Inc. price-consensus-eps-surprise-chart | PPG Industries, Inc. Quote
</div>
<h3>Segment Review</h3>
Performance Coatings&#39; second-quarter revenues were $3,048 million. The segment&#39;s net sales were stable, as improved selling prices were offset by the sale of the non-North American portion of the traffic solutions business and adverse foreign currency translation. The figure was below our estimate of $3,101.8 million.
Industrial Coatings generated revenues of $1,746 million, a 4.6% year-over-year decrease. The fall is due to lower selling prices from certain index-based customer contracts and unfavorable foreign currency translation. The figure was below our estimate of $1,831.9 million.
<h3>Financials</h3>
The company had $1.2 billion in cash and short-term investments as of the end of the quarter. Net debt was $5.2 billion, down $0.4 billion from the prior-year quarter.
<h3>Outlook</h3>
The company&#39;s projected adjusted EPS for the third quarter is in the range of $2.10-$2.20. For the full year, the company expects adjusted EPS in the range of $8.15-$8.30. These projections consider various factors such as current global economic activity, uneven global industrial production, reduced global automotive production, stabilizing demand in Europe, sustained growth in Mexico and India and low single-digit growth in China.
<h3>Price Performance</h3>
Shares of PPG have lost 12.1% over the past year compared with 12.8% decline of its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/70/71889.jpg?v=1979758973" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Upcoming Releases</h3>
PPG currently carries a Zacks Rank #4 (Sell).
Some other firms in the basic materials space that are set to release earnings soon are The Scotts Miracle-Gro Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>), Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>) and Innospec Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iosp#NASDAQ">IOSP</a>).
Scotts Miracle-Gro is slated to report fiscal third-quarter results on Jul 31. The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.94 per share. SMG beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 1.44%. SMG carries a Zacks Rank #3 (Hold).
Ero Copper is slated to report second-quarter results on Aug 1, after market close. The Zacks Consensus Estimate for ERO&#39;s second-quarter earnings is pegged at 27 cents. ERO currently carries a Zacks Rank #1.
Innospec is slated to report second-quarter results on Aug 6, after market close. The consensus estimate for Innospec&#39;s second-quarter earnings is pegged at $1.37 per share. IOSP, carrying a Zacks Rank #3, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 8.22%. The company&#39;s shares have gained around 24.5% in the past year.
<a href="https://www.zacks.com/stock/news/2305079/ppg-industries-ppg-q2-earnings-top-estimates-sales-lag?cid=CS-BENZ-FT-analyst_blog|earnings_article-2305079">To read this article on Zacks.com click here.</a>

IOSP

PPG Industries Q2 Earnings Top Estimates, Sales Lag

Endeavour Silver Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) produced 2.2 million silver equivalent ounces in the second quarter of 2024, a 5% decline from the year-ago quarter, primarily due to reduced silver production at both of its mines, which offset higher gold output. The company also expects to commission the Terronera mine in the fourth quarter of 2024 and commence production in 2025.
<h3>Silver Production Declines on Lower Grades, Gold Up</h3>
Consolidated silver production fell 12% year over year to 1.31 million ounces. This was due to a 12% reduction in silver output at the Guanacev&iacute; mine and a 17% decrease at Bola&ntilde;itos, both due to lower grades.&nbsp;
Endeavour Silver, however, witnessed a 7% year-over-year improvement in gold production at 10,549 ounces. The growth was driven by higher gold grades mined at both Guanacev&iacute; and Bola&ntilde;itos, as well as higher gold content in third-party feed processed at Guanacev&iacute;. Gold output at the Guanacev&iacute; mine rose 9% year over year to 4,243 ounces, while the Bola&ntilde;itos mine output grew 6% to 6,306 ounces.&nbsp;
Guanacev&iacute;&#39;s silver production was 1.196 million ounces (down 12% year over year), which met the company&#39;s expectations. Gold production at 4,243 ounces (up 9%) was higher than expected due to increased gold grades mined and higher content in the third-party feed.
Local third-party feed contributed 15% to Guanacev&iacute;&#39;s quarterly throughput. At current prices, management expects local third-party feed to be higher than 10% of throughput going forward. The Guanacev&iacute; operations are realizing the benefits of the significant plant improvements and modifications made in 2023.
At Bolanitos, gold production increased 6% to 6,306 ounces, while silver production plunged 17% due to lower grades. Silver production was slightly below expectations due to decreased silver grades and lower silver recovery, while throughput remained steady. Milled grades are expected to show similar variations in the second half of the year.
<h3>2024 Production Guidance Maintained</h3>
So far in 2024, EXK has produced 2.2 million silver equivalent ounces and believes it is on track to attain its production target range of 8.1-8.8 million silver equivalent ounces in 2024.
<h3>Improved Metal Prices to Reflect on Q2 Results</h3>
For the second quarter, Endeavour Silver reported a 6% year-over-year decline in silver sales at 1.22 million ounces, while gold sales were flat at 9,887 ounces. At the quarter&#39;s end, the company held 262,160 ounces of silver and 939 ounces of gold in bullion inventory. EXK also held 5,860 ounces of silver and 322 ounces of gold in the concentrate inventory.
The lower sales figures will likely be offset by the elevated gold and silver prices observed through the second quarter and will reflect on Endeavour Silver&#39;s upcoming second-quarter 2024 results. We expect other industry players such as Hecla Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) and Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>), among others, to also benefit from this trend.
<h3>Peer Performances</h3>
Fortuna Silver Mines recently announced that it produced 116,570 gold equivalent ounces in the second quarter, which marked a 25% increase from the year-ago quarter. This includes a gold production of 92,716 ounces and a silver production of 990,574 ounces. While gold output marked a 44% year-over-year increase, silver was down 22%.
FSM maintains its gold equivalent production guidance for 2024 to be between 457,000 ounces and 497,000 ounces. Gold production guidance is pegged at 343,000-385,000 ounces while silver production is pegged at 4-4.7 million ounces.
Hecla Mining reported 4.5 million ounces of silver production in the second quarter. This marked a 16% improvement year over year, reflecting solid performance at Keno Hill. HL&#39;s gold production was up 6% at 37,324 ounces from the year-ago quarter as improved results at Casa Berardi offset lower output at Greens Creek.&nbsp;
Hecla Mining has produced 7.9 million ounces of silver in the first half of 2024 and believes it is on track to produce 17 million ounces of silver in 2024.
<h3>EXK&#39;s Price Performance</h3>
Shares of EXK have gained 43.8% over the past year compared with the industry&#39;s 43.3% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bb/71082.jpg?v=814095057" />
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; a Stock to Consider</h3>
Endeavour Silver currently carries a Zacks Rank #3 (Hold).
A better-ranked stock from the basic materials space is Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>), which sports a Zacks Rank #1 (Strong 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 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 9.7% in a year.
<a href="https://www.zacks.com/stock/news/2300265/endeavour-silver-s-exk-q2-silver-production-declines-12-y-y?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2300265">To read this article on Zacks.com click here.</a>

Penny Stocks

Small Cap

Endeavour Silver's Q2 Silver Production Declines 12% Y/Y

Jefferies maintains Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) with a Hold and raises the price target from C$29 to C$32.

Price Target

Jefferies Maintains Hold on Ero Copper, Raises Price Target to C$32

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>

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>

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>
Photo: Shutterstock

Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks' Wild Ride

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.

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>

Pre-Market Outlook

Movers

BRSP

DRCT

FRGE

MESO

XPEV

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

Exploring Canadian Opportunities

Ero Copper (ERO) announced the next phase of its leadership succession plan, effective January 1, 2025. Co-founder and Chairman of the Board, Noel ...

Ero Copper announces leadership succession plan

Ero Copper (TSE:ERO) has released an update. Ero Copper Corp. is undergoing a leadership transition as David Strang becomes Executive Chairman and ...

Ero Copper Announces Key Leadership Changes

Ero Copper Non-GAAP EPS of $0.27 beats by $0.02, revenue of $124.8M misses by $8.71M

In a report released today, Bryce Adams from CIBC maintained a Buy rating on Ero Copper (ERO – Research Report), with a price target of C$34.00. Th...

CIBC Remains a Buy on Ero Copper (ERO)

Scotiabank lowered the firm's price target on Ero Copper (ERO) to C$34 from C$37 and keeps an Outperform rating on the shares. Published first on T...

Ero Copper price target lowered to C$34 from C$37 at Scotiabank

Ero Copper Corp. (ERO) Q3 2024 Earnings Call Transcript

Eight Capital analyst Ralph M. Profiti maintained a Hold rating on Ero Copper (ERO – Research Report) today and set a price target of C$34.00. The ...

Ero Copper (ERO) Gets a Hold from Eight Capital

Ero Copper Corp. ( ($ERO) ) has released its Q3 earnings. Here is a breakdown of the information Ero Copper Corp. presented to its investors. Ero C...

Ero Copper Corp. Reports Strong Q3 2024 Results

Canaccord analyst Dalton Baretto lowered the firm's price target on Ero Copper (ERO) to C$34 from C$35 and keeps a Buy rating on the shares. Publis...

Ero Copper price target lowered to C$34 from C$35 at Canaccord

ASTL

BBCA

FLCA

LSPD

NVEI

PAAS

SHOP

Opinion

Press Releases

Copper Miners Expand Operations to Address Global Supply Shortages

Ero Copper Reports Second Quarter 2024 Operating and Financial Results

General

Ero Copper Announces Initial NI 43-101 Mineral Resource Estimate for the Furnas Copper-Gold Project

Ero Copper Reports Temporary Power Disruption at the Tucumã Operation Following Severe Windstorm

Ero Copper to Release Third Quarter 2024 Operating and Financial Results on November 5, 2024

Ero Copper Confirms Full Power Restoration at the Tucumã Operation

Ero Copper Publishes 2023 Sustainability Report

Ero Copper Reports Third Quarter 2024 Operating and Financial Results

Ero Copper Announces Leadership Succession: David Strang to Become Executive Chairman, Makko DeFilippo to be Appointed President & CEO

MTAL

TSX:TKO

TSXV:USHA

USHAF

Jefferies

BMO Capital

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 <a href="https://www.benzinga.com/topic/mining">사상 최고치</a>를 기록했다.
What Happened: 인플레이션 우려가 줄어들면서 한 주 동안 연방준비제도(연준)의 금리 인하 주장이 강화되었다. 또한, 어려움을 겪고 있는 부동산 부문을 지원하기 위한 중국의 광범위한 경기 부양책 소식으로 인해 금속 원자재 가격이 급등했다. 베이징은 주택 구입자들을 위한 계약금을 줄이고, 팔리지 않은 부동산을 <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" target="_blank" rel="noopener">사회주택</a>으로 전환하기 위한 국가 재정 지원 패키지 등의 조치를 발표했다.
중국이 구리의 최대 수입국이기 때문에 중국 경제 건전성에 매우 민감한 구리는 4% 상승하여 파운드당 5달러를 넘어섰다. 이번 급등은 새로운 사상 최고치이자 2022년 11월 이후 가장 큰 폭의 일일 상승을 보였다.
은과 금과 같은 귀금속은 금리와 중국 관련 발전에 긍정적으로 반응했다. 은은 30달러 이상으로 급등하여 트리플탑의 저항선 패턴을 벗어났다.
차트: 구리, 사상 최고치 경신
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-344275" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17151239/image-75-1024x495.png" sizes="(max-width: 1024px) 100vw, 1024px" 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" alt="" width="1024" height="495" /></figure>
<h3 class="wp-block-heading">금속 상품에 대한 전문가적 시각</h3>
크레스캣 캐피털(Crescat Capital)의 거시 전략가인 오타비오 코스타(Otavio Costa)에 따르면 중앙은행은 &#8220;외화 보유고의 질을 높이고 이를 통해 통화 시스템의 신뢰성을 강화하기 위해 금을 확보&#8221;하고 있다.
그는 많은 투자자 및 거래자와는 달리 중앙은행은 장기적인 관점을 가지고 있으며 이는 &#8220;이들 기관에 의한 금 축적은 이제 막 시작됐다&#8221;는 것을 의미한다고 강조했다.
골드만삭스의 분석가에 따르면 선물 가격이 사상 최고치를 기록하며 지속적인 숏 스퀴즈(공매도 압박) 속에서도 구리는 여전히 주목받고 있다. 이 투자 은행은 시장의 구조적인 공급 핍박을 언급하고 현재 수준보다 20% 증가할 것으로 예상하면서 구리에 대한 긍정적인 전망을 유지했다.
전 골드만삭스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)의 상품 전략가이자 현재 칼라일 그룹(Carlyle Group)의 에너지 경로 부문 최고 전략 책임자인 제프 커리(Jeff Currie)는 블룸버그와의 <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">인터뷰</a>에서 구리는 전기 자동차, 업데이트된 그리드 및 AI 데이터 센터에 전력을 공급하는 데 있어 이 금속의 중요성을 강조하면서 여전히 더 많은 운영 공간을 갖고 있다.고 강조했다.
차트: 은, 2020년 8월 이후 최고 수준 기록
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-344292" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/17152107/image-76-1024x495.png" sizes="(max-width: 1024px) 100vw, 1024px" 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" alt="" width="1024" height="495" /></figure>
<h3 class="wp-block-heading">광업주들의 폭등</h3>
금속 원자재의 랠리는 광산주에 광범위한 상승을 초래했다.
<ul>
<li>SPDR S&amp;P 금속 및 광업 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>)가 1.86% 상승하여 2022년 4월 이후 최고치를 기록했다. 광산업들 중에서 최고의 수익을 기록한 기업은 쾨르 마이닝(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)와 헤클라 마이닝(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>)로, 이들은 각각 11% 이상 상승했다.</li>
</ul>
<ul>
<li>글로벌 X 구리 광업 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>)가 4.68% 급등하여 이 펀드 설립 이래 최고 수준을 기록했다. 이 펀드에서 최고 수익을 기록한 회사들은 타세코 광산(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGB#NYSE">TGB</a>), 에로 코퍼(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>), 퍼스트 퀀텀 미네랄즈(OTC:<a class="ticker" href="https://www.benzinga.com/stock/FQVLF#OTC">FQVLF</a>), 각각 9.19%, 7.52%, 7.46% 상승했다.</li>
</ul>
<ul>
<li>글로벌 X 은 광업 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>)는 4.88% 상승하여 2022년 4월 이후 최고치로 올랐다. 쾨르 마이닝와 헤클라 마이닝 외에도 엔데버 실버(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>)도 10.73% 올랐다.</li>
</ul>
<ul>
<li>VanEck Gold Miners ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>)가 3.39% 상승하여 2022년 4월 이후 최고 수준에 도달했다. 이 ETF에서 최고 수익을 기록한 기업은 뉴골드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGD#NYSE">NGD</a>)로 12.23% 급등했다.</li>
</ul>
사진: 셔터스톡

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