National Bank Financial Comments on Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO) – Analysts at National Bank Financial dropped their Q4 2024 earnings per share estimates for shares of Ero Copper in a research note issued to investors on Tuesday, February 11th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.17. The consensus estimate for Ero Copper’s current full-year earnings is $0.91 per share. National Bank Financial also issued estimates for Ero Copper’s FY2025 earnings at $1.96 EPS and FY2026 earnings at $2.37 EPS.

ERO has been the topic of several other research reports. TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday. StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group initiated coverage on Ero Copper in a research report on Monday, December 2nd. They set a “buy” rating and a $19.00 price target for the company. Finally, TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $26.33.

Ero Copper Trading Up 7.5 %

Ero Copper stock opened at $14.16 on Friday. The stock has a market cap of $1.47 billion, a PE ratio of 83.29 and a beta of 1.14. The stock has a 50-day moving average price of $13.78 and a 200 day moving average price of $17.25. Ero Copper has a 52 week low of $12.70 and a 52 week high of $24.34. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ERO. Exchange Traded Concepts LLC acquired a new position in shares of Ero Copper in the third quarter worth about $38,000. Synergy Asset Management LLC acquired a new position in shares of Ero Copper in the fourth quarter worth about $78,000. Northwest & Ethical Investments L.P. lifted its stake in shares of Ero Copper by 19.1% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock worth $88,000 after acquiring an additional 1,050 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Ero Copper in the fourth quarter worth about $125,000. Finally, Quantbot Technologies LP acquired a new stake in Ero Copper during the fourth quarter valued at approximately $162,000. Institutional investors and hedge funds 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.