FY2024 EPS Estimates for Ero Copper Decreased by Analyst

Ero Copper Corp. (NYSE:ERO) – Analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Ero Copper in a note issued to investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.63 per share for the year, down from their previous estimate of $0.68. The consensus estimate for Ero Copper’s current full-year earnings is $0.92 per share. National Bank Financial also issued estimates for Ero Copper’s FY2025 earnings at $2.55 EPS.

A number of other equities analysts also recently commented on ERO. StockNews.com upgraded Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group began 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. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Ero Copper presently has an average rating of “Buy” and a consensus target price of $26.33.

Ero Copper Trading Down 2.9 %

ERO opened at $13.18 on Friday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 77.55 and a beta of 1.14. The company’s 50 day simple moving average is $13.97 and its two-hundred day simple moving average is $17.46. Ero Copper has a 1-year low of $12.78 and a 1-year high of $24.34. 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 (NYSE:ERO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm 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 business posted $0.18 earnings per share.

Hedge Funds Weigh In On Ero Copper

Large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC purchased a new stake in Ero Copper in the 3rd quarter valued at about $38,000. Synergy Asset Management LLC purchased a new stake in shares of Ero Copper in the 4th quarter valued at approximately $78,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper in the 4th quarter valued at approximately $125,000. Sentry Investment Management LLC lifted its holdings in shares of Ero Copper by 5.8% in the 4th quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock worth $293,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Keybank National Association OH boosted its position in shares of Ero Copper by 8.0% during the 4th quarter. Keybank National Association OH now owns 26,120 shares of the company’s stock worth $352,000 after purchasing an additional 1,946 shares during the period. Institutional investors and hedge funds own 71.30% of the company’s stock.

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.