National Bank Financial Comments on Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO - Free Report) - National Bank Financial cut their Q4 2024 earnings per share (EPS) estimates for Ero Copper in a research note issued to investors on Tuesday, February 11th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.06 per share 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.

Other research analysts also recently issued research reports about the company. TD Securities raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on Ero Copper in a report on Monday, December 2nd. They issued a "buy" rating and a $19.00 price target on the stock. StockNews.com raised Ero Copper from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Finally, TD Cowen raised Ero Copper from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $26.33.

Ero Copper Stock Performance

ERO stock traded down $0.12 during trading on Friday, reaching $14.34. The stock had a trading volume of 351,536 shares, compared to its average volume of 504,598. Ero Copper has a 52 week low of $12.70 and a 52 week high of $24.34. The stock's 50 day moving average is $13.77 and its two-hundred day moving average is $17.14. 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 firm has a market cap of $1.48 billion, a PE ratio of 84.32 and a beta of 1.14.

Institutional Trading of Ero Copper

Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Ero Copper by 2,172.6% in the 3rd quarter. Toronto Dominion Bank now owns 57,702 shares of the company's stock worth $1,285,000 after acquiring an additional 55,163 shares during the last quarter. Jennison Associates LLC increased its position in shares of Ero Copper by 3.5% during the 4th quarter. Jennison Associates LLC now owns 5,909,627 shares of the company's stock valued at $79,645,000 after purchasing an additional 198,800 shares during the last quarter. Old West Investment Management LLC increased its position in shares of Ero Copper by 100.0% during the 3rd quarter. Old West Investment Management LLC now owns 160,000 shares of the company's stock valued at $3,563,000 after purchasing an additional 80,000 shares during the last quarter. Canoe Financial LP bought a new position in shares of Ero Copper during the 4th quarter valued at approximately $456,000. Finally, Montrusco Bolton Investments Inc. increased its position in shares of Ero Copper by 3.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company's stock valued at $10,448,000 after purchasing an additional 28,999 shares during the last quarter. Institutional investors own 71.30% of the company's stock.

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.