National Bank Financial Weighs in on Ero Copper Corp.’s FY2024 Earnings (NYSE:ERO)

Ero Copper Corp. (NYSE:EROFree Report) – Stock analysts at National Bank Financial reduced their FY2024 EPS estimates for Ero Copper in a research report issued on Monday, February 5th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $1.00 for the year, down from their previous forecast of $1.25. The consensus estimate for Ero Copper’s current full-year earnings is $0.88 per share.

Ero Copper Trading Down 0.2 %

Ero Copper stock opened at $15.58 on Thursday. The firm has a 50 day simple moving average of $15.41 and a 200-day simple moving average of $16.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.23 and a quick ratio of 0.94. The stock has a market capitalization of $1.60 billion, a PE ratio of 18.33 and a beta of 1.23. Ero Copper has a 12-month low of $11.35 and a 12-month high of $24.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Ero Copper by 4.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,793 shares of the company’s stock valued at $218,000 after acquiring an additional 509 shares in the last quarter. Acuitas Investments LLC boosted its holdings in Ero Copper by 61.5% during the fourth quarter. Acuitas Investments LLC now owns 2,100 shares of the company’s stock worth $33,000 after buying an additional 800 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Ero Copper by 2.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,160 shares of the company’s stock worth $873,000 after buying an additional 1,095 shares in the last quarter. Raymond James & Associates boosted its holdings in Ero Copper by 2.7% during the fourth quarter. Raymond James & Associates now owns 50,551 shares of the company’s stock worth $798,000 after buying an additional 1,346 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Ero Copper by 2.4% during the third quarter. Legal & General Group Plc now owns 61,306 shares of the company’s stock worth $1,062,000 after buying an additional 1,459 shares in the last quarter. 52.86% of the stock is currently owned by institutional investors.

Ero Copper Company Profile

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Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.

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Earnings History and Estimates for Ero Copper (NYSE:ERO)

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