Q3 Earnings Estimate for Ero Copper Issued By Raymond James

Ero Copper Corp. (NYSE:ERO - Free Report) - Research analysts at Raymond James reduced their Q3 2024 earnings per share (EPS) estimates for Ero Copper in a report released on Wednesday, October 23rd. Raymond James analyst F. Hamed now forecasts that the company will earn $0.28 per share for the quarter, down from their previous estimate of $0.37. Raymond James has a "Outperform" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $1.51 per share. Raymond James also issued estimates for Ero Copper's Q2 2025 earnings at $0.97 EPS.

Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Ero Copper had a positive return on equity of 9.89% and a negative net margin of 4.79%. The company had revenue of $117.10 million during the quarter. During the same period in the previous year, the company posted $0.24 EPS.

ERO has been the subject of several other reports. Jefferies Financial Group upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Monday, August 5th. Ventum Cap Mkts upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 22nd. Bank of America began coverage on Ero Copper in a report on Tuesday, September 3rd. They set a "buy" rating and a $28.00 target price on the stock. Finally, StockNews.com downgraded Ero Copper from a "hold" rating to a "sell" rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

Ero Copper Stock Performance

ERO stock traded down $0.11 during trading hours on Friday, reaching $19.40. The stock had a trading volume of 146,096 shares, compared to its average volume of 328,510. The stock has a market capitalization of $2.00 billion, a PE ratio of 29.85 and a beta of 1.20. The stock has a 50-day simple moving average of $20.60 and a 200 day simple moving average of $20.69. Ero Copper has a fifty-two week low of $11.35 and a fifty-two week high of $24.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60.

Institutional Trading of Ero Copper

Several hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in Ero Copper during the 3rd quarter worth $38,000. Toronto Dominion Bank increased its position in Ero Copper by 38.7% during the second quarter. Toronto Dominion Bank now owns 2,539 shares of the company's stock worth $54,000 after acquiring an additional 709 shares during the period. Chesapeake Capital Corp IL acquired a new stake in Ero Copper in the 2nd quarter worth about $351,000. Platinum Investment Management Ltd. raised its stake in Ero Copper by 15.9% in the 1st 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, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ero Copper by 6.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,933 shares of the company's stock valued at $469,000 after purchasing an additional 1,277 shares during the period. 71.30% of the stock is owned by institutional investors and hedge funds.

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.