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Stock impact report

Ero Copper (ERO) Stock Jumps 5.2%: Will It Continue to Soar? [Yahoo! Finance]

Ero Copper Corp. Common Shares (ERO) 
US:NYSE Investor Relations: ipathetn.com
Company Research Source: Yahoo! Finance
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's 4% gain over the past four weeks. Ero Copper'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. Show less Read more
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