Raymond James Forecasts Ero Copper's Q1 Earnings (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO - Free Report) - Analysts at Raymond James reduced their Q1 2025 earnings per share estimates for shares of Ero Copper in a research report issued to clients and investors on Tuesday, February 11th. Raymond James analyst F. Hamed now expects that the company will earn $0.17 per share for the quarter, down from their prior estimate of $0.24. The consensus estimate for Ero Copper's current full-year earnings is $0.91 per share. Raymond James also issued estimates for Ero Copper's Q3 2025 earnings at $0.74 EPS.

A number of other equities research analysts have also recently commented on ERO. StockNews.com raised Ero Copper from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. TD Cowen raised shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. TD Securities upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group began coverage on Ero Copper in a 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, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $26.33.

Ero Copper Stock Up 2.3 %

Shares of ERO stock traded up $0.33 on Thursday, reaching $14.47. 846,583 shares of the company were exchanged, compared to its average volume of 383,845. Ero Copper has a one year low of $12.70 and a one year high of $24.34. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 85.09 and a beta of 1.14. The company has a 50-day moving average of $13.78 and a 200-day moving average of $17.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ERO. Northwest & Ethical Investments L.P. boosted its holdings in shares of Ero Copper by 19.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after buying an additional 1,050 shares during the last quarter. Sentry Investment Management LLC raised its position in Ero Copper by 5.8% in the fourth quarter. Sentry Investment Management LLC now owns 21,716 shares of the company's stock worth $293,000 after acquiring an additional 1,188 shares during the period. Swiss National Bank raised its position in Ero Copper by 0.6% in the fourth quarter. Swiss National Bank now owns 194,100 shares of the company's stock worth $2,616,000 after acquiring an additional 1,200 shares during the period. BTG Pactual Asset Management US LLC boosted its stake in Ero Copper by 12.6% in the fourth quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company's stock valued at $178,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 valued at $522,000 after acquiring an additional 1,475 shares during the period. 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.