FY2024 Earnings Estimate for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO - Free Report) - Investment analysts at Scotiabank issued their FY2024 earnings per share (EPS) estimates for Ero Copper in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw expects that the company will earn $0.95 per share for the year. The consensus estimate for Ero Copper's current full-year earnings is $0.98 per share. Scotiabank also issued estimates for Ero Copper's FY2025 earnings at $2.92 EPS and FY2026 earnings at $3.79 EPS.

A number of other brokerages also recently commented on ERO. StockNews.com upgraded 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 target price on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Ero Copper has an average rating of "Buy" and an average target price of $26.33.

Ero Copper Price Performance

ERO stock traded up $0.06 on Friday, hitting $14.40. 621,574 shares of the company's stock traded hands, compared to its average volume of 474,312. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 84.71 and a beta of 1.15. Ero Copper has a 1-year low of $12.78 and a 1-year 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. The stock has a fifty day moving average of $14.84 and a 200-day moving average of $18.48.

Institutional Investors Weigh In On Ero Copper

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new stake in shares of Ero Copper during the 3rd quarter valued at about $38,000. Toronto Dominion Bank lifted its stake in Ero Copper by 38.7% in the second quarter. Toronto Dominion Bank now owns 2,539 shares of the company's stock valued at $54,000 after acquiring an additional 709 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Ero Copper in the third quarter worth approximately $457,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ero Copper by 6.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company's stock worth $522,000 after purchasing an additional 1,475 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Ero Copper by 23.9% during the 3rd quarter. Janus Henderson Group PLC now owns 27,408 shares of the company's stock valued at $600,000 after purchasing an additional 5,286 shares in the last quarter. Hedge funds and other 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.