National Bank Financial Weighs in on Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO) – Research analysts at National Bank Financial lowered their Q4 2024 earnings per share estimates for shares of Ero Copper in a research note issued to investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.17 per share for the quarter, down from their previous estimate of $0.22. The consensus estimate for Ero Copper’s current full-year earnings is $0.92 per share.

Ero Copper (NYSE:ERO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The business had revenue of $124.80 million during the quarter, compared to analyst estimates of $148.80 million. During the same period in the prior year, the firm earned $0.18 earnings per share.

A number of other research firms also recently weighed in on ERO. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a research note on Monday, December 2nd. They issued a “buy” rating and a $19.00 price target on the stock. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ero Copper currently has a consensus rating of “Buy” and a consensus price target of $26.33.

Ero Copper Stock Down 2.1 %

Ero Copper stock opened at $13.56 on Thursday. The firm’s 50 day moving average price is $14.00 and its two-hundred day moving average price is $17.49. The firm has a market cap of $1.40 billion, a PE ratio of 79.74 and a beta of 1.14. Ero Copper has a twelve month low of $12.78 and a twelve month high of $24.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68.

Institutional Trading of Ero Copper

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new position in shares of Ero Copper in the 3rd quarter valued at approximately $38,000. Synergy Asset Management LLC bought a new position in shares of Ero Copper in the fourth quarter valued at approximately $78,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Ero Copper in the fourth quarter worth $125,000. Sentry Investment Management LLC bought a new stake in shares of Ero Copper during the 3rd quarter worth $457,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ero Copper by 6.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock valued at $522,000 after buying an additional 1,475 shares during the last quarter. Institutional investors and hedge funds 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.