FY2025 EPS Estimates for Ero Copper Boosted by Analyst

Ero Copper Corp. (NYSE:ERO) – Research analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Ero Copper in a report issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $2.02 per share for the year, up from their prior forecast of $1.95. National Bank Financial has a “Sector Perform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share. National Bank Financial also issued estimates for Ero Copper’s FY2026 earnings at $2.83 EPS.

Ero Copper (NYSE:ERO) last issued its earnings results on Thursday, July 31st. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%.The company had revenue of $163.50 million during the quarter, compared to the consensus estimate of $263.23 million.

A number of other equities analysts also recently commented on the company. Scotiabank restated an “outperform” rating on shares of Ero Copper in a research note on Tuesday, July 8th. National Bankshares restated a “sector perform” rating on shares of Ero Copper in a research note on Tuesday, August 5th. Wall Street Zen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Ero Copper in a research report on Friday, July 4th. Finally, Raymond James Financial upgraded Ero Copper to a “moderate buy” rating in a research report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ero Copper currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Ero Copper Stock Performance

Shares of ERO stock opened at $18.66 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average of $14.99 and a two-hundred day moving average of $14.13. Ero Copper has a 52 week low of $9.30 and a 52 week high of $23.40. The company has a market cap of $1.93 billion, a P/E ratio of 13.62 and a beta of 1.16.

Institutional Investors Weigh In On Ero Copper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ERO. GMT Capital Corp raised its holdings in Ero Copper by 22.9% during the first quarter. GMT Capital Corp now owns 6,931,025 shares of the company’s stock worth $83,938,000 after purchasing an additional 1,292,100 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Ero Copper by 119.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,628,030 shares of the company’s stock worth $27,515,000 after purchasing an additional 885,630 shares in the last quarter. Bank of America Corp DE raised its holdings in Ero Copper by 82.6% during the second quarter. Bank of America Corp DE now owns 1,775,632 shares of the company’s stock worth $29,919,000 after purchasing an additional 803,320 shares in the last quarter. TD Asset Management Inc raised its holdings in Ero Copper by 234.1% during the first quarter. TD Asset Management Inc now owns 935,090 shares of the company’s stock worth $11,324,000 after purchasing an additional 655,232 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Ero Copper by 2,384.8% during the second quarter. Marshall Wace LLP now owns 609,621 shares of the company’s stock worth $10,272,000 after purchasing an additional 585,087 shares in the last quarter. Institutional investors own 71.30% of the company’s stock.

About Ero Copper

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.