Ero Copper Q4 EPS Decreased by National Bank Financial

Ero Copper Corp. (NYSE:ERO) – Research analysts at National Bank Financial lowered their Q4 2024 earnings estimates for shares of Ero Copper in a report released on Tuesday, February 4th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.22. The consensus estimate for Ero Copper’s current full-year earnings is $0.92 per share.

Ero Copper (NYSE:ERO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $124.80 million for the quarter, compared to analyst estimates of $148.80 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. During the same period in the previous year, the firm posted $0.18 EPS.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group assumed coverage on Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price target on the stock. StockNews.com upgraded 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $26.33.

Ero Copper Stock Performance

NYSE ERO opened at $13.18 on Thursday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 77.55 and a beta of 1.14. Ero Copper has a twelve month low of $12.78 and a twelve month high of $24.34. 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 stock has a fifty day simple moving average of $13.97 and a 200 day simple moving average of $17.46.

Institutional Trading of Ero Copper

A number of hedge funds and other institutional investors have recently bought and sold shares of ERO. Impala Asset Management LLC grew its holdings in shares of Ero Copper by 12.7% during the third quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock worth $49,208,000 after purchasing an additional 248,390 shares in the last quarter. Jennison Associates LLC lifted its position in Ero Copper by 4.3% during the third quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock valued at $127,149,000 after purchasing an additional 237,345 shares during the last quarter. FMR LLC grew its stake in Ero Copper by 1.8% in the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company’s stock worth $264,262,000 after buying an additional 206,405 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in shares of Ero Copper by 41.2% in the 3rd quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company’s stock worth $12,080,000 after buying an additional 158,294 shares during the last quarter. Finally, Sprott Inc. lifted its holdings in shares of Ero Copper by 42.2% during the 4th quarter. Sprott Inc. now owns 455,289 shares of the company’s stock worth $6,137,000 after acquiring an additional 135,049 shares during the last quarter. 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.