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

Ero Copper Corp. (NYSE:ERO) – Equities researchers at Raymond James issued their FY2025 earnings estimates for Ero Copper in a research note issued to investors on Wednesday, April 17th. Raymond James analyst F. Hamed anticipates 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.

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

Ero Copper Trading Down 0.8 %

Shares of NYSE ERO opened at $20.14 on Friday. The company’s 50 day simple moving average is $18.28 and its 200 day simple moving average is $15.84. Ero Copper has a fifty-two week low of $11.35 and a fifty-two week high of $24.38. The firm has a market capitalization of $2.07 billion, a P/E ratio of 20.55 and a beta of 1.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.23 and a quick ratio of 0.94.

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

Institutional Investors Weigh In On Ero Copper

Several hedge funds have recently bought and sold shares of ERO. Acuitas Investments LLC raised its holdings in shares of 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 acquiring an additional 800 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Ero Copper by 7.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,636 shares of the company’s stock worth $201,000 after acquiring an additional 843 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Ero Copper by 2.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 59,588 shares of the company’s stock worth $941,000 after acquiring an additional 1,240 shares during the period. Raymond James & Associates raised its holdings in shares of 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 acquiring an additional 1,346 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of 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 acquiring an additional 1,459 shares during the period. 71.30% of the stock is currently owned by institutional investors and hedge funds.

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.