Ventum Cap Mkts Estimates Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO - Free Report) - Equities researchers at Ventum Cap Mkts issued their Q4 2024 earnings per share estimates for shares of Ero Copper in a note issued to investors on Wednesday, February 19th. Ventum Cap Mkts analyst C. Mackay anticipates that the company will earn $0.24 per share for the quarter. The consensus estimate for Ero Copper's current full-year earnings is $0.71 per share.

ERO has been the topic of several other reports. TD Cowen upgraded shares of Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. TD Securities raised 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 assumed coverage on shares of Ero Copper in a research note on Monday, December 2nd. They set a "buy" rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $26.33.

Ero Copper Price Performance

ERO traded down $0.17 during trading on Friday, reaching $12.78. 343,669 shares of the stock were exchanged, compared to its average volume of 496,189. Ero Copper has a 1 year low of $12.59 and a 1 year high of $24.34. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 75.15 and a beta of 1.14. The business's 50 day moving average price is $13.71 and its two-hundred day moving average price is $16.96. 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 Trading of Ero Copper

Hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp lifted its stake in shares of Ero Copper by 4.2% during the 4th quarter. Mackenzie Financial Corp now owns 47,380 shares of the company's stock worth $638,000 after purchasing an additional 1,896 shares during the period. Public Employees Retirement System of Ohio increased its stake in Ero Copper by 8.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 31,915 shares of the company's stock valued at $430,000 after purchasing an additional 2,550 shares during the last quarter. Temasek Holdings Private Ltd lifted its position in Ero Copper by 9.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 592,821 shares of the company's stock worth $7,991,000 after buying an additional 50,400 shares during the period. State of Wyoming acquired a new stake in Ero Copper in the 4th quarter worth about $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ero Copper by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company's stock valued at $47,529,000 after buying an additional 176,637 shares during the period. Institutional investors and hedge funds 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.