Should I buy or sell Ero Copper stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ERO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ERO, but not buy additional shares or sell existing shares. View ERO analyst ratings or view top-rated stocks .

What is Ero Copper's stock price target for 2024?

4 Wall Street analysts have issued 12 month price objectives for Ero Copper's stock. Their ERO share price targets range from $24.00 to $24.00. On average, they anticipate the company's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price. View analysts price targets for ERO or view top-rated stocks among Wall Street analysts .

How have ERO shares performed in 2024?

Ero Copper's stock was trading at $15.79 at the start of the year. Since then, ERO shares have increased by 28.6% and is now trading at $20.30. View the best growth stocks for 2024 here .

Are investors shorting Ero Copper?

Ero Copper saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,730,000 shares, an increase of 10.2% from the March 15th total of 1,570,000 shares. Based on an average daily trading volume, of 324,000 shares, the short-interest ratio is presently 5.3 days. Currently, 1.9% of the shares of the company are sold short. View Ero Copper's Short Interest .

When is Ero Copper's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our ERO earnings forecast .

How were Ero Copper's earnings last quarter?

Ero Copper Corp. (NYSE:ERO) issued its quarterly earnings results on Thursday, March, 7th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $116.41 million for the quarter, compared to analyst estimates of $104.20 million. Ero Copper had a net margin of 21.71% and a trailing twelve-month return on equity of 13.16%. During the same period last year, the firm earned $0.24 earnings per share.

What ETFs hold Ero Copper's stock?

ETFs with the largest weight of Ero Copper (NYSE:ERO) stock in their portfolio include Sprott Junior Copper Miners ETF (COPJ) , VanEck Brazil Small-Cap ETF (BRF) , Global X Copper Miners ETF (COPX) , iShares Copper and Metals Mining ETF (ICOP) and Sprott Energy Transition Materials ETF (SETM) . Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) .

How do I buy shares of Ero Copper?

Shares of ERO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:ERO

Ero Copper (ERO) Stock Price, News & Analysis

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$20.30

+0.36 (+1.81%)

(As of 04/18/2024 ET)

Compare

Today's Range: $20.15
▼
$20.96
50-Day Range: $14.09
▼
$21.81
52-Week Range: $11.35
▼
$24.38

Volume: 393,856 shs
Average Volume: 325,120 shs
Market Capitalization: $2.09 billion

P/E Ratio: 20.71
Dividend Yield: N/A
Price Target: $24.00

Get Ero Copper alerts:

Ero Copper MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 18.2% Upside
$24.00 Price Target
Short Interest: Bearish
1.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.01
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 91.67%
From $1.56 to $2.99 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.41 out of 5 stars

Basic Materials Sector

107th out of 174 stocks

Private Households Industry

3rd out of 4 stocks

2.0

Analyst's Opinion

Consensus Rating
Ero Copper has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Ero Copper has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.89% of the float of Ero Copper has been sold short.
Short Interest Ratio / Days to Cover
Ero Copper has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in Ero Copper has recently increased by 10.19%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Ero Copper does not currently pay a dividend.
Dividend Growth
Ero Copper does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ERO.

3.3

News and Social Media Coverage

News Sentiment
Ero Copper has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Ero Copper this week, compared to 2 articles on an average week.
Search Interest
6 people have searched for ERO on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ero Copper insiders have not sold or bought any company stock.
Percentage Held by Institutions
71.30% of the stock of Ero Copper is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Ero Copper are expected to grow by 91.67% in the coming year, from $1.56 to $2.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ero Copper is 20.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ero Copper is 20.71, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 141.03.
Price to Book Value per Share Ratio
Ero Copper has a P/B Ratio of 3.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Ero Copper Stock (NYSE:ERO)

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. It also holds 100% interests in the Tucumã project, a copper development project located within southeastern Pará state; and the Xavantina Operations located in Mato Grosso state. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

ERO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ERO Stock News Headlines

April 18, 2024 | finance.yahoo.com

Most Shareholders Will Probably Find That The CEO Compensation For Ero Copper Corp. (TSE:ERO) Is Reasonable

April 14, 2024 | americanbankingnews.com

Ero Copper (NYSE:ERO) Shares Gap Up to $21.01

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 11, 2024 | globenewswire.com

Ero Copper to Release First Quarter 2024 Operating and Financial Results on May 7, 2024

April 5, 2024 | fool.com

Why Precious Metals Stocks Were Glittering This Week

April 4, 2024 | stockhouse.com

SOMA ANNOUNCES GOLD PRODUCTION FOR Q1 2024 OF 7,335 AUEQ, AN 8% INCREASE FROM 2023

March 28, 2024 | theglobeandmail.com

Women lead here—but why do so many of them leave?

March 20, 2024 | msn.com

Commodity market open interest hits six-month high as oil and copper inflows surge - JPM

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 16, 2024 | finance.yahoo.com

ERO Apr 2024 17.500 call

March 13, 2024 | baystreet.ca

TSX Rolls On

March 11, 2024 | msn.com

TSX Today: What to Watch for in Stocks on Monday, March 11

March 10, 2024 | realmoney.thestreet.com

Ero Copper just downgraded at PI Financial, here's why

March 8, 2024 | msn.com

Ero Copper Non-GAAP EPS of $0.21, revenue of $116.4M; reaffirms FY24 outlook

March 7, 2024 | globenewswire.com

Ero Copper Reports Fourth Quarter and Full Year 2023 Operating and Financial Results

February 22, 2024 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Materials Stocks: Nutrien (NTR), Ero Copper (ERO) and Pan American Silver (PAAS)

February 22, 2024 | markets.businessinsider.com

Ero Copper Holds Steady: Analyst Reaffirms Rating Amidst Consistent Performance and Cautious Cost Projections

February 21, 2024 | finance.yahoo.com

Ero Copper Announces 2023 Production Results and Provides 2024 Guidance

February 19, 2024 | finance.yahoo.com

Recent uptick might appease Ero Copper Corp. (TSE:ERO) institutional owners after losing 2.1% over the past year

February 17, 2024 | finance.yahoo.com

ERO Mar 2024 12.500 call

February 16, 2024 | msn.com

Copper prices poised for best week in three months

February 16, 2024 | msn.com

TSX gains as higher copper prices eclipse impact from hot US PPI data

February 5, 2024 | finance.yahoo.com

Natural Food Colors Market to surpass $13 bn by 2032, Says Global Market Insights Inc.

February 5, 2024 | finance.yahoo.com

Ero Copper to Release Fourth Quarter and Full Year 2023 Operating and Financial Results on March 7, 2024

February 2, 2024 | seekingalpha.com

Ero Copper: Wait For Better Entries In This Growing Player (Rating Downgrade)

January 22, 2024 | finance.yahoo.com

Ero Copper Corp. (TSE:ERO) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

January 16, 2024 | finance.yahoo.com

SOMA GOLD CORP. ANNOUNCES RESIGNATION OF CEO

See More Headlines

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Company Calendar

Last Earnings: 3/07/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Private households
Sub-Industry: N/A
Current Symbol: NYSE:ERO
CUSIP: N/A
CIK: 1853860
Web: www.erocopper.com
Phone: (604) 449-9244
Fax: 604-398-3767
Employees: 2,864
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $24.00
High Stock Price Target: $24.00
Low Stock Price Target: $24.00
Potential Upside/Downside: +18.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.98
Trailing P/E Ratio: 20.71
Forward P/E Ratio: 13.01
P/E Growth: N/A
Net Income: $92.80 million
Net Margins: 21.71%
Pretax Margin: 22.65%
Return on Equity: 13.16%
Return on Assets: 6.44%

Debt

Debt-to-Equity Ratio: 0.65
Current Ratio: 1.23
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $427.48 million
Price / Sales: 4.88
Cash Flow: $1.40 per share
Price / Cash Flow: 14.49
Book Value: $5.88 per share
Price / Book: 3.45

Miscellaneous

Outstanding Shares: 102,760,000
Free Float: N/A
Market Cap: $2.09 billion
Optionable: Not Optionable
Beta: 1.26

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Key Executives

Mr. David Maxwell Strang (Age 56)
CEO & Director
Comp: $1.28M
Mr. Makko DeFilippo
President & COO
Mr. Wayne Drier
Chief Financial Officer
Mr. Deepk Hundal
Senior VP, General Counsel & Corporate Secretary
Mr. Michel Richard
Chief Geological Officer
Ms. Courtney R. B. Lynn (Age 42)
Senior Vice President of Corporate Development, Investor Relations & Sustainability
Mr. Eduardo de Come (Age 58)
Chief Executive Officer of Ero Brazil
Mr. Emilio Sarno
Vice President of Asset Management

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ERO Stock Analysis - Frequently Asked Questions

Should I buy or sell Ero Copper stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ERO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ERO, but not buy additional shares or sell existing shares.
View ERO analyst ratings or view top-rated stocks.
What is Ero Copper's stock price target for 2024?: 4 Wall Street analysts have issued 12 month price objectives for Ero Copper's stock. Their ERO share price targets range from $24.00 to $24.00. On average, they anticipate the company's share price to reach $24.00 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price.
View analysts price targets for ERO or view top-rated stocks among Wall Street analysts.
How have ERO shares performed in 2024?: Ero Copper's stock was trading at $15.79 at the start of the year. Since then, ERO shares have increased by 28.6% and is now trading at $20.30.
View the best growth stocks for 2024 here.
Are investors shorting Ero Copper?: Ero Copper saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,730,000 shares, an increase of 10.2% from the March 15th total of 1,570,000 shares. Based on an average daily trading volume, of 324,000 shares, the short-interest ratio is presently 5.3 days. Currently, 1.9% of the shares of the company are sold short.
View Ero Copper's Short Interest.

When is Ero Copper's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our ERO earnings forecast.
How were Ero Copper's earnings last quarter?: Ero Copper Corp. (NYSE:ERO) issued its quarterly earnings results on Thursday, March, 7th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $116.41 million for the quarter, compared to analyst estimates of $104.20 million. Ero Copper had a net margin of 21.71% and a trailing twelve-month return on equity of 13.16%. During the same period last year, the firm earned $0.24 earnings per share.
What ETFs hold Ero Copper's stock?: ETFs with the largest weight of Ero Copper (NYSE:ERO) stock in their portfolio include Sprott Junior Copper Miners ETF (COPJ), VanEck Brazil Small-Cap ETF (BRF), Global X Copper Miners ETF (COPX), iShares Copper and Metals Mining ETF (ICOP) and Sprott Energy Transition Materials ETF (SETM).Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).
How do I buy shares of Ero Copper?: Shares of ERO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ERO) was last updated on 4/19/2024 by MarketBeat.com Staff

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Ero Copper (ERO) Stock Price, News & Analysis

Ero Copper MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Ero Copper Stock (NYSE:ERO)

ERO Stock Price History

ERO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

ERO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™