Q4 EPS Estimates for Ero Copper Decreased by Analyst

Ero Copper Corp. (NYSE:ERO) – Stock analysts at National Bank Financial decreased their Q4 2024 earnings per share (EPS) estimates for shares of Ero Copper in a research note issued on Wednesday, November 6th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.22 for the quarter, down from their prior forecast of $0.27. The consensus estimate for Ero Copper’s current full-year earnings is $0.99 per share.

Several other equities research analysts have also commented on the stock. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Jefferies Financial Group upgraded Ero Copper from a “hold” rating to a “buy” rating in a report 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. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. Finally, Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $30.00.

Ero Copper Stock Performance

NYSE ERO opened at $16.31 on Monday. 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 fifty day moving average price of $20.02 and a 200-day moving average price of $20.54. Ero Copper has a 1 year low of $11.43 and a 1 year high of $24.34. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 97.47 and a beta of 1.23.

Hedge Funds Weigh In On Ero Copper

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its stake in shares of Ero Copper by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock valued at $127,149,000 after buying an additional 237,345 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Ero Copper by 4.1% in the first quarter. Russell Investments Group Ltd. now owns 783,756 shares of the company’s stock worth $15,111,000 after acquiring an additional 30,665 shares during the period. Montrusco Bolton Investments Inc. grew its holdings in Ero Copper by 17.2% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 746,357 shares of the company’s stock valued at $16,635,000 after buying an additional 109,633 shares in the last quarter. Boston Partners grew its stake in Ero Copper by 226.9% during the first quarter. Boston Partners now owns 726,068 shares of the company’s stock valued at $14,010,000 after acquiring an additional 503,972 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Ero Copper by 32.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 464,047 shares of the company’s stock valued at $9,922,000 after purchasing an additional 115,002 shares in the last quarter. Institutional investors 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.