FY2024 EPS Estimates for Ero Copper Corp. Boosted by Raymond James (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO) – Stock analysts at Raymond James raised their FY2024 EPS estimates for shares of Ero Copper in a report issued on Monday, September 23rd. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $1.83 for the year, up from their previous estimate of $1.81. Raymond James has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $1.68 per share. Raymond James also issued estimates for Ero Copper’s Q1 2025 earnings at $1.01 EPS, Q2 2025 earnings at $0.91 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $0.94 EPS and FY2025 earnings at $3.78 EPS.

A number of other research firms have also recently commented on ERO. 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 price objective for the company. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. BMO Capital Markets raised shares of Ero Copper from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 26th. StockNews.com cut shares of Ero Copper from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Finally, Scotiabank upgraded Ero Copper from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

Ero Copper Stock Performance

Ero Copper stock opened at $21.96 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 0.82. Ero Copper has a fifty-two week low of $11.35 and a fifty-two week high of $24.34. The stock has a fifty day moving average of $19.87 and a two-hundred day moving average of $20.44. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 33.79 and a beta of 1.19.

Ero Copper (NYSE:ERO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $117.10 million during the quarter. Ero Copper had a negative net margin of 4.79% and a positive return on equity of 9.89%. During the same period last year, the business earned $0.24 earnings per share.

Institutional Investors Weigh In On Ero Copper

Institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC boosted its holdings in shares of Ero Copper by 39.0% in the 1st quarter. Jennison Associates LLC now owns 3,998,246 shares of the company’s stock valued at $77,117,000 after purchasing an additional 1,121,095 shares during the last quarter. Boston Partners boosted its holdings in Ero Copper by 226.9% in 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 during the last quarter. Scotia Capital Inc. grew its position in Ero Copper by 290.6% during the fourth quarter. Scotia Capital Inc. now owns 292,968 shares of the company’s stock valued at $4,617,000 after acquiring an additional 217,968 shares during the period. TD Asset Management Inc grew its position in Ero Copper by 48.7% during the fourth quarter. TD Asset Management Inc now owns 595,283 shares of the company’s stock valued at $9,458,000 after acquiring an additional 194,976 shares during the period. Finally, Franklin Resources Inc. increased its stake in Ero Copper by 81.4% during the fourth quarter. Franklin Resources Inc. now owns 351,800 shares of the company’s stock worth $5,562,000 after acquiring an additional 157,900 shares during the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

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.