#2 - Ero Copper (NYSE:ERO)
Commodity stocks are part of the Trump trade that has been happening since the U.S. presidential election. The anticipated growth of data centers is a key reason to believe that we are about to enter a super cycle in copper. That hasn’t shown up in the price of copper this year, but analysts expect that to change. The spot price of copper may lead the way, but mining stocks won’t be far behind.
In that case, Ero Copper Corp. (NYSE: ERO) is a small-cap name to watch. Ero Copper’s core high-margin operations are in Brazil, where it expects to double copper production in 2025. The company also does this in a sustainable way.
Ero Copper has a solid balance sheet, with $125 million of cash or cash equivalents on its books as of the third quarter 2024. Analysts are forecasting earnings growth of 227% in the next 12 months and give ERO stock a $30 price target, which offers a 91% upside for investors.
About Ero Copper
Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.
Read More - Current Price
- $13.25
- Consensus Rating
- Buy
- Ratings Breakdown
- 8 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $26.33 (98.7% Upside)
