Equities Analysts Issue Forecasts for Ero Copper Corp.’s FY2025 Earnings (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO) – Stock analysts at Raymond James issued their FY2025 earnings estimates for shares of Ero Copper in a research note issued to investors on Wednesday, April 17th. Raymond James analyst F. Hamed expects that the company will earn $2.93 per share for the year. The consensus estimate for Ero Copper’s current full-year earnings is $1.56 per share.

A number of other brokerages have also recently commented on ERO. TheStreet upgraded shares of Ero Copper from a “c” rating to a “b-” rating in a research report on Friday, March 8th. Pi Financial upgraded Ero Copper from a “neutral” rating to a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.00.

Ero Copper Trading Down 0.8 %

ERO stock opened at $20.14 on Friday. Ero Copper has a one year low of $11.35 and a one year high of $24.38. The company has a market capitalization of $2.07 billion, a PE ratio of 20.55 and a beta of 1.26. The company’s 50 day moving average price is $18.28 and its two-hundred day moving average price is $15.84. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.23.

Ero Copper (NYSE:ERO) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $116.41 million for the quarter, compared to the consensus estimate of $104.20 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.16%. During the same quarter last year, the company posted $0.24 earnings per share.

Institutional Investors Weigh In On Ero Copper

A number of large investors have recently added to or reduced their stakes in ERO. Qube Research & Technologies Ltd bought a new stake in shares of Ero Copper in the 3rd quarter worth approximately $27,000. Acuitas Investments LLC boosted its holdings in Ero Copper by 61.5% in the fourth quarter. Acuitas Investments LLC now owns 2,100 shares of the company’s stock valued at $33,000 after acquiring an additional 800 shares in the last quarter. US Bancorp DE purchased a new position in Ero Copper during the 4th quarter valued at $54,000. Deutsche Bank AG bought a new position in Ero Copper in the 4th quarter worth $66,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Ero Copper in the 4th quarter worth about $79,000. 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.