Ero Copper FY2025 EPS Reduced by National Bank Financial

Ero Copper Corp. (NYSE:ERO) – National Bank Financial dropped their FY2025 earnings per share (EPS) estimates for Ero Copper in a research report issued to clients and investors on Sunday, March 9th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $1.94 for the year, down from their previous forecast of $1.96. 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 $2.39 EPS and FY2027 earnings at $2.81 EPS.

Other equities research analysts have also recently issued research reports about the company. TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Ero Copper in a research note on Monday, December 2nd. They issued a “buy” rating and a $19.00 price objective for the company. Finally, TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $26.33.

Ero Copper Price Performance

ERO stock opened at $12.17 on Wednesday. The business has a fifty day moving average of $13.45 and a two-hundred day moving average of $16.36. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 71.56 and a beta of 1.17. Ero Copper has a 52-week low of $11.11 and a 52-week high of $24.34.

Ero Copper (NYSE:ERO) last released its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The firm had revenue of $122.50 million during the quarter, compared to analysts’ expectations of $183.26 million.

Institutional Trading of Ero Copper

Several institutional investors and hedge funds have recently made changes to their positions in ERO. Mackenzie Financial Corp increased its position in Ero Copper by 4.2% in the 4th quarter. Mackenzie Financial Corp now owns 47,380 shares of the company’s stock valued at $638,000 after acquiring an additional 1,896 shares during the period. Public Employees Retirement System of Ohio increased its position in Ero Copper by 8.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 31,915 shares of the company’s stock valued at $430,000 after acquiring an additional 2,550 shares during the period. Temasek Holdings Private Ltd increased its position in Ero Copper by 9.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 592,821 shares of the company’s stock worth $7,991,000 after purchasing an additional 50,400 shares during the period. State of Wyoming acquired a new position in Ero Copper during the 4th quarter worth approximately $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ero Copper by 5.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company’s stock worth $47,529,000 after purchasing an additional 176,637 shares during the period. 71.30% of the stock is owned by hedge funds and other institutional investors.

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.