National Bank Financial Estimates Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO - Free Report) - Equities research analysts at National Bank Financial cut their Q4 2024 earnings per share estimates for shares of Ero Copper in a research note issued on Wednesday, November 6th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.22 for the quarter, down from their prior forecast of $0.27. The consensus estimate for Ero Copper's current full-year earnings is $0.99 per share.

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

Ero Copper Trading Down 4.4 %

Shares of ERO stock traded down $0.77 on Monday, hitting $16.57. 538,483 shares of the stock traded hands, compared to its average volume of 334,044. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 0.82. The firm's 50-day moving average price is $20.10 and its two-hundred day moving average price is $20.56. Ero Copper has a twelve month low of $11.43 and a twelve month high of $24.34. The stock has a market capitalization of $1.71 billion, a PE ratio of 98.24 and a beta of 1.23.

Hedge Funds Weigh In On Ero Copper

A number of hedge funds have recently modified their holdings of the stock. Exchange Traded Concepts LLC bought a new position in shares of Ero Copper in the third quarter worth about $38,000. Toronto Dominion Bank lifted its position in Ero Copper by 38.7% during the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company's stock valued at $54,000 after purchasing an additional 709 shares during the period. Chesapeake Capital Corp IL bought a new stake in Ero Copper in the second quarter valued at about $351,000. Platinum Investment Management Ltd. boosted its position in shares of Ero Copper by 15.9% during the first quarter. Platinum Investment Management Ltd. now owns 18,738 shares of the company's stock worth $362,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new stake in Ero Copper during the 3rd quarter worth approximately $457,000. 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.