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ERO
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
1.25B

ERO Ero Copper Corp Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ERO with price predictions
07:00 PM EST Dec 05, 2023

ERO in -5.59% downward trend, sliding for three consecutive days on December 06, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ERO declined for three days, in of 242 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where ERO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

ERO broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for ERO entered a downward trend on November 21, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ERO's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 21, 2023. You may want to consider a long position or call options on ERO as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ERO just turned positive on November 15, 2023. Looking at past instances where ERO's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ERO advanced for three days, in of 272 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.947) is normal, around the industry mean (6.375). P/E Ratio (15.038) is within average values for comparable stocks, (94.937). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.103). Dividend Yield (0.000) settles around the average of (0.061) among similar stocks. P/S Ratio (2.729) is also within normal values, averaging (224.927).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ERO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are BHP Group Limited (NASDAQ:BHP), Vale SA (NASDAQ:VALE), Freeport-McMoran (NASDAQ:FCX), Cameco Corp (NASDAQ:CCJ), Teck Resources Limited (NASDAQ:TECK).

Industry description

The category includes companies that explore for, mine and extract metals, such as copper, diamonds, nickel, cobalt ore, lead, zinc and uranium. BHP, Rio Tinto and Southern Copper Corporation are major players in this space.

Market Cap

The average market capitalization across the Other Metals/Minerals Industry is 2.52B. The market cap for tickers in the group ranges from 230 to 223.12B. BHPBF holds the highest valuation in this group at 223.12B. The lowest valued company is BAJFF at 230.

High and low price notable news

The average weekly price growth across all stocks in the Other Metals/Minerals Industry was 1%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 89%. ESVNF experienced the highest price growth at 245%, while NVLIF experienced the biggest fall at -68%.

Volume

The average weekly volume growth across all stocks in the Other Metals/Minerals Industry was 8%. For the same stocks of the Industry, the average monthly volume growth was 21% and the average quarterly volume growth was 17%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 80
Price Growth Rating: 50
SMR Rating: 89
Profit Risk Rating: 88
Seasonality Score: 37 (-100 ... +100)
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A.I. Advisor
published Earnings

ERO is expected to report earnings to rise 48.61% to 26 cents per share on March 14

Ero Copper Corp ERO Stock Earnings Reports
Q4'23
Est.
$0.27
Q3'23
Est.
$0.18
Q2'23
Missed
by $0.02
Q1'23
Beat
by $0.03
Q4'22
Missed
by $0.06
The last earnings report on November 02 showed earnings per share of 18 cents, meeting the estimate of 18 cents. With 35.18K shares outstanding, the current market capitalization sits at 1.25B.
A.I. Advisor
published General Information

General Information

Industry OtherMetalsMinerals

Profile
Fundamentals
Details
Industry
N/A
Address
625 Howe Street
Phone
+1 604 449-9243
Employees
3253
Web
https://www.erocopper.com
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ERO and

Correlation & Price change

A.I.dvisor indicates that over the last year, ERO has been closely correlated with HBM. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if ERO jumps, then HBM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ERO
1D Price
Change %
ERO100%
-0.63%
HBM - ERO
67%
Closely correlated
+2.83%
SCCO - ERO
66%
Closely correlated
-0.45%
FCX - ERO
64%
Loosely correlated
-0.88%
BHP - ERO
62%
Loosely correlated
+0.70%
RIO - ERO
58%
Loosely correlated
+0.73%
More

Groups containing ERO

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ERO
1D Price
Change %
ERO100%
-0.63%
ERO
(undefined stocks)
80%
Closely correlated
+0.38%