Ero Copper Corp. (ERO) Fell after a Cut in Copper Production Guidance

2 months ago 12

Soumya Eswaran

Thu, Apr 3, 2025, 6:44 AM 2 min read

Renaissance Investment Management, an concern absorption company, released its Q4 2024 “International Small Cap Strategy” capitalist letter. A transcript of the missive tin beryllium downloaded here. In 2024, planetary equities experienced a 2nd consecutive twelvemonth of maturation but underperformed their U.S. counterparts owed to anemic economical growth, governmental turmoil, tariff threats, and a beardown U.S. dollar. The portfolio generated antagonistic returns successful the 4th fourth but outperformed the benchmark. For much accusation connected the fund’s champion picks successful 2024, delight cheque its apical 5 holdings.

In its 4th fourth 2024 capitalist letter, Renaissance International Small Cap Strategy emphasized stocks specified arsenic Ero Copper Corp. (NYSE:ERO). Ero Copper Corp. (NYSE:ERO) engages successful the exploration, development, and accumulation of mining projects. The one-month instrumentality Ero Copper Corp. (NYSE:ERO) was 4.94%, and its shares gained 43.61% of their worth implicit the past 52 weeks. On April 2, 2025, Ero Copper Corp. (NYSE:ERO) banal closed astatine $12.47 per stock with a marketplace capitalization of $1.295 billion.

Renaissance International Small Cap Strategy stated the pursuing regarding Ero Copper Corp. (NYSE:ERO) successful its Q4 2024 capitalist letter:

"Our weakest performer during the 4th was Ero Copper Corp. (NYSE:ERO) (Canada) aft the miner chopped 2024 copper accumulation guidance owed to powerfulness disruptions that impacted the ramp-up of its Tucuma mine. With the powerfulness issues resolved, absorption is assured successful gathering their 2025 accumulation guidance, which calls for copper accumulation to treble implicit the adjacent year."

An aerial presumption of a mining site, its topography starring to a prosperous digging area.

Ero Copper Corp. (NYSE:ERO) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 15 hedge money portfolios held Ero Copper Corp. (NYSE:ERO) astatine the extremity of the 4th fourth which was 14 successful the erstwhile quarter. While we admit the imaginable of Ero Copper Corp. (NYSE:ERO) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

We covered Ero Copper Corp. (NYSE:ERO) successful different article, wherever we shared the database of astir oversold Canadian stocks to bargain according to analysts. In addition, delight cheque retired our hedge money capitalist letters Q4 2024 page for much capitalist letters from hedge funds and different starring investors.

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