Ero Copper Q4 EPS Decreased by National Bank Financial

Ero Copper Corp. (NYSE:ERO) – National Bank Financial reduced their Q4 2024 earnings estimates for shares of Ero Copper in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.22 for the quarter, down from their previous forecast of $0.27. The consensus estimate for Ero Copper’s current full-year earnings is $0.99 per share.

Several other research firms also recently weighed in on ERO. Jefferies Financial Group upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Bank of America started coverage on Ero Copper in a research report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 target price for the company. Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. StockNews.com upgraded Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $30.00.

Ero Copper Trading Down 4.4 %

ERO stock opened at $16.57 on Monday. Ero Copper has a 1-year low of $11.43 and a 1-year high of $24.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 98.24 and a beta of 1.23. The business has a 50 day simple moving average of $20.10 and a two-hundred day simple moving average of $20.56.

Institutional Investors Weigh In On Ero Copper

Institutional investors and hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in Ero Copper during the third quarter valued at approximately $38,000. Toronto Dominion Bank increased its position in shares of Ero Copper by 38.7% in the second quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock valued at $54,000 after buying an additional 709 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in shares of Ero Copper in the second quarter valued at approximately $351,000. Platinum Investment Management Ltd. increased its position in shares of Ero Copper by 15.9% in the first quarter. Platinum Investment Management Ltd. now owns 18,738 shares of the company’s stock valued at $362,000 after buying an additional 2,564 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of Ero Copper in the third quarter valued at approximately $457,000. Institutional investors and hedge funds 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.