FY2024 EPS Estimates for Ero Copper Corp. (NYSE:ERO) Lowered by Analyst

Ero Copper Corp. (NYSE:ERO) – Equities researchers at National Bank Financial reduced their FY2024 earnings estimates for shares of Ero Copper in a research report issued on Tuesday, November 14th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $1.04 per share for the year, down from their prior estimate of $1.14. The consensus estimate for Ero Copper’s current full-year earnings is $1.00 per share. National Bank Financial also issued estimates for Ero Copper’s FY2025 earnings at $2.75 EPS.

ERO has been the subject of several other reports. StockNews.com assumed coverage on shares of Ero Copper in a report on Thursday, October 5th. They issued a “hold” rating for the company. Scotiabank cut shares of Ero Copper from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, August 31st.

Ero Copper Stock Down 0.1 %

Shares of NYSE ERO opened at $11.65 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.00 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $15.13 and its 200 day simple moving average is $18.40. The firm has a market cap of $1.19 billion, a PE ratio of 13.70 and a beta of 1.34. Ero Copper has a 12-month low of $11.00 and a 12-month high of $24.38.

Institutional Trading of Ero Copper

A number of institutional investors and hedge funds have recently modified their holdings of ERO. Qube Research & Technologies Ltd acquired a new position in Ero Copper in the 3rd quarter valued at about $27,000. Deutsche Bank AG purchased a new position in shares of Ero Copper in the 4th quarter valued at approximately $66,000. Quantbot Technologies LP acquired a new position in shares of Ero Copper during the third quarter worth about $131,000. Tower Research Capital LLC TRC raised its position in Ero Copper by 1,531.4% in the first quarter. Tower Research Capital LLC TRC now owns 7,749 shares of the company’s stock worth $137,000 after acquiring an additional 7,274 shares in the last quarter. Finally, Citigroup Inc. purchased a new stake in Ero Copper during the second quarter worth about $144,000. Hedge funds and other institutional investors own 52.86% 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 engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.