FY2024 EPS Estimates for Ero Copper Reduced by Analyst

Ero Copper Corp. (NYSE:ERO) – Research analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Ero Copper in a note issued to investors on Tuesday, February 11th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.52 per share for the year, down from their previous forecast of $0.63. The consensus estimate for Ero Copper’s current full-year earnings is $0.91 per share. National Bank Financial also issued estimates for Ero Copper’s FY2027 earnings at $2.80 EPS.

ERO has been the subject of several other research reports. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group began coverage on Ero Copper in a report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price target for the company. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $26.33.

Ero Copper Price Performance

Shares of NYSE:ERO opened at $14.16 on Thursday. The business has a 50 day moving average price of $13.78 and a 200 day moving average price of $17.25. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 83.29 and a beta of 1.14. Ero Copper has a twelve month low of $12.70 and a twelve month high of $24.34.

Hedge Funds Weigh In On Ero Copper

A number of hedge funds have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of Ero Copper in the 4th quarter worth approximately $730,000. Bridgewater Associates LP increased its holdings in Ero Copper by 400.2% during the 4th quarter. Bridgewater Associates LP now owns 818,269 shares of the company’s stock valued at $11,026,000 after purchasing an additional 654,684 shares in the last quarter. Causeway Capital Management LLC acquired a new stake in Ero Copper during the 4th quarter valued at $216,000. Barclays PLC increased its holdings in Ero Copper by 39.3% during the 4th quarter. Barclays PLC now owns 47,338 shares of the company’s stock valued at $638,000 after purchasing an additional 13,351 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC increased its holdings in Ero Copper by 12.6% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company’s stock valued at $178,000 after purchasing an additional 1,473 shares in the last quarter. 71.30% of the stock is owned by institutional investors and hedge funds.

Ero Copper Company Profile

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.