FY2025 Earnings Estimate for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Investment analysts at Scotiabank increased their FY2025 earnings estimates for shares of Ero Copper in a report released on Tuesday, October 28th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $2.03 per share for the year, up from their prior forecast of $2.00. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share.

ERO has been the subject of a number of other research reports. National Bank Financial downgraded shares of Ero Copper from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Ero Copper from a “buy” rating to a “hold” rating in a research report on Tuesday, October 14th. Raymond James Financial reiterated an “outperform” rating on shares of Ero Copper in a research report on Friday, October 10th. TD Securities downgraded shares of Ero Copper from a “buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group raised their price target on shares of Ero Copper from $18.50 to $25.00 and gave the company a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.00.

Ero Copper Stock Down 0.6%

ERO stock opened at $21.37 on Friday. Ero Copper has a 12-month low of $9.30 and a 12-month high of $24.48. 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 company has a market cap of $2.21 billion, a price-to-earnings ratio of 15.60 and a beta of 1.24. The company has a 50 day moving average of $18.84 and a two-hundred day moving average of $15.81.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwest & Ethical Investments L.P. raised its holdings in shares of Ero Copper by 22.6% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 8,033 shares of the company’s stock valued at $97,000 after purchasing an additional 1,483 shares in the last quarter. Letko Brosseau & Associates Inc. acquired a new position in Ero Copper in the 1st quarter valued at $176,000. Virtu Financial LLC acquired a new position in Ero Copper in the 1st quarter valued at $180,000. XTX Topco Ltd acquired a new position in Ero Copper in the 1st quarter valued at $188,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Ero Copper in the 1st quarter valued at $217,000. 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.