Analysts Offer Predictions for Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO) – Stock analysts at National Bank Financial lowered their Q4 2024 earnings per share estimates for shares of Ero Copper in a report issued on Tuesday, February 11th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.06 per share for the quarter, down from their previous forecast of $0.17. 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 FY2025 earnings at $1.96 EPS and FY2026 earnings at $2.37 EPS.

Several other equities analysts also recently issued reports on ERO. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday. TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group started coverage on Ero Copper in a research report on Monday, December 2nd. They set a “buy” rating and a $19.00 price target on the stock. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $26.33.

Ero Copper Price Performance

NYSE ERO opened at $14.47 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The stock’s fifty day moving average price is $13.77 and its 200 day moving average price is $17.23. Ero Copper has a 1 year low of $12.70 and a 1 year high of $24.34. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 85.09 and a beta of 1.14.

Institutional Investors Weigh In On Ero Copper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ERO. Exchange Traded Concepts LLC purchased a new stake in shares of Ero Copper during the 3rd quarter worth about $38,000. Synergy Asset Management LLC purchased a new stake in shares of Ero Copper during the 4th quarter worth about $78,000. Northwest & Ethical Investments L.P. boosted its stake in shares of Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock worth $88,000 after acquiring an additional 1,050 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper during the 4th quarter worth about $125,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Ero Copper by 128.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company’s stock worth $143,000 after acquiring an additional 6,000 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.