National Bank Financial Forecasts Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO) – Research analysts at National Bank Financial cut their Q4 2024 earnings per share (EPS) estimates for shares of Ero Copper in a report released on Wednesday, November 6th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.22 per share for the quarter, down from their previous estimate of $0.27. The consensus estimate for Ero Copper’s current full-year earnings is $0.99 per share.

ERO has been the topic of a number of other research reports. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. Bank of America began coverage on Ero Copper in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Jefferies Financial Group raised Ero Copper from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $30.00.

Ero Copper Stock Down 1.6 %

Shares of ERO opened at $16.31 on Monday. The firm has a market cap of $1.68 billion, a P/E ratio of 97.47 and a beta of 1.23. Ero Copper has a 1 year low of $11.43 and a 1 year high of $24.34. The stock has a 50 day simple moving average of $20.02 and a two-hundred day simple moving average of $20.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60.

Institutional Investors Weigh In On Ero Copper

A number of large investors have recently made changes to their positions in the business. Montrusco Bolton Investments Inc. lifted its stake in Ero Copper by 17.2% in the third quarter. Montrusco Bolton Investments Inc. now owns 746,357 shares of the company’s stock worth $16,635,000 after acquiring an additional 109,633 shares during the period. Jennison Associates LLC lifted its position in shares of Ero Copper by 4.3% in the 3rd quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock worth $127,149,000 after purchasing an additional 237,345 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Ero Copper by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 117,832 shares of the company’s stock valued at $2,624,000 after purchasing an additional 3,746 shares in the last quarter. Old West Investment Management LLC raised its stake in Ero Copper by 100.0% in the third quarter. Old West Investment Management LLC now owns 160,000 shares of the company’s stock worth $3,563,000 after buying an additional 80,000 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Ero Copper in the third quarter worth about $457,000. 71.30% of the stock is currently owned by institutional investors.

Ero Copper Company Profile

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.