Q4 EPS Estimates for Ero Copper Reduced by Analyst

Ero Copper Corp. (NYSE:ERO) – Analysts at National Bank Financial lowered their Q4 2024 earnings per share (EPS) estimates for Ero Copper in a note issued to investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.17 per share for the quarter, down from their previous estimate of $0.22. The consensus estimate for Ero Copper’s current full-year earnings is $0.92 per share.

Ero Copper (NYSE:ERO) last released its earnings results on Tuesday, November 5th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $124.80 million during the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.18 EPS.

ERO has been the topic of a number of other reports. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group initiated coverage on Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $26.33.

Ero Copper Stock Performance

NYSE ERO opened at $13.56 on Thursday. The company’s fifty day moving average is $14.00 and its two-hundred day moving average is $17.49. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 79.74 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. Ero Copper has a 52-week low of $12.78 and a 52-week high of $24.34.

Institutional Inflows and Outflows

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