Ventum Cap Mkts Estimates Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO) – Stock analysts at Ventum Cap Mkts issued their Q4 2024 earnings estimates for Ero Copper in a report issued on Wednesday, February 19th. Ventum Cap Mkts analyst C. Mackay anticipates that the company will post earnings per share of $0.24 for the quarter. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share.

Other analysts also recently issued reports about the company. The Goldman Sachs Group assumed coverage on Ero Copper in a research note on Monday, December 2nd. They issued a “buy” rating and a $19.00 price objective for the company. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. TD Securities raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, TD Cowen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $26.33.

Ero Copper Trading Down 6.0 %

ERO opened at $12.79 on Friday. Ero Copper has a fifty-two week low of $12.70 and a fifty-two week high of $24.34. The firm has a market capitalization of $1.32 billion, a PE ratio of 75.23 and a beta of 1.14. 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 company’s 50-day moving average is $13.74 and its 200 day moving average is $17.06.

Institutional Trading of Ero Copper

Large investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC bought a new position in shares of Ero Copper during the 3rd quarter valued at approximately $38,000. Van ECK Associates Corp lifted its stake in Ero Copper by 3.1% in the third quarter. Van ECK Associates Corp now owns 136,990 shares of the company’s stock valued at $3,051,000 after purchasing an additional 4,097 shares during the last quarter. Intact Investment Management Inc. bought a new position in Ero Copper during the third quarter valued at $670,000. Sentry Investment Management LLC purchased a new stake in Ero Copper in the third quarter worth $457,000. Finally, Old West Investment Management LLC raised its stake in shares of Ero Copper by 100.0% in the third quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock valued at $3,563,000 after buying an additional 80,000 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

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.