FY2024 Earnings Estimate for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Investment analysts at Scotiabank issued their FY2024 earnings estimates for shares of Ero Copper in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw forecasts that the company will earn $0.95 per share for the year. The consensus estimate for Ero Copper’s current full-year earnings is $0.98 per share. Scotiabank also issued estimates for Ero Copper’s FY2025 earnings at $2.92 EPS and FY2026 earnings at $3.79 EPS.

A number of other research firms have also commented on ERO. The Goldman Sachs Group assumed coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 target price for the company. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $26.33.

Ero Copper Trading Up 0.4 %

ERO opened at $14.40 on Friday. The firm has a 50 day simple moving average of $14.84 and a 200 day simple moving average of $18.48. Ero Copper has a fifty-two week low of $12.78 and a fifty-two week high of $24.34. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 84.71 and a beta of 1.15. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Ero Copper by 1.8% during the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company’s stock valued at $264,262,000 after purchasing an additional 206,405 shares in the last quarter. Jennison Associates LLC raised its holdings in Ero Copper by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock worth $127,149,000 after buying an additional 237,345 shares during the period. Impala Asset Management LLC lifted its stake in Ero Copper by 12.7% in the third quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock valued at $49,208,000 after buying an additional 248,390 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in shares of Ero Copper by 17.2% in the third quarter. Montrusco Bolton Investments Inc. now owns 746,357 shares of the company’s stock valued at $16,635,000 after buying an additional 109,633 shares during the period. Finally, Temasek Holdings Private Ltd increased its position in shares of Ero Copper by 41.2% during the third quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company’s stock worth $12,080,000 after acquiring an additional 158,294 shares in the last quarter. 71.30% of the stock is owned by institutional investors and hedge funds.

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.