National Bank Financial Forecasts Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO - Free Report) - Research analysts at National Bank Financial lowered their Q4 2024 earnings estimates for shares of Ero Copper in a report released on Tuesday, February 4th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for Ero Copper's current full-year earnings is $0.91 per share.

Several other research analysts have also issued reports on ERO. 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 objective for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $26.33.

Ero Copper Trading Up 1.4 %

ERO stock traded up $0.18 during trading on Thursday, reaching $13.37. The company had a trading volume of 796,653 shares, compared to its average volume of 383,845. The business has a 50 day moving average of $13.89 and a 200 day moving average of $17.37. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The company has a market cap of $1.38 billion, a P/E ratio of 78.65 and a beta of 1.14. Ero Copper has a 52 week low of $12.78 and a 52 week high of $24.34.

Hedge Funds Weigh In On Ero Copper

A number of hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in Ero Copper during the 3rd quarter valued at about $38,000. Van ECK Associates Corp raised its holdings in Ero Copper by 3.1% in the 3rd quarter. Van ECK Associates Corp now owns 136,990 shares of the company's stock worth $3,051,000 after acquiring an additional 4,097 shares during the last quarter. Intact Investment Management Inc. purchased a new position in Ero Copper in the 3rd quarter worth approximately $670,000. Sentry Investment Management LLC bought a new position in Ero Copper in the 3rd quarter valued at approximately $457,000. Finally, Old West Investment Management LLC increased its holdings in shares of Ero Copper by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 160,000 shares of the company's stock worth $3,563,000 after purchasing an additional 80,000 shares in 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.