Ero Copper (ERO) Stock Price, News & Analysis

Company Overview

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. It also holds 100% interests in the Tucumã project, a copper development project located within southeastern Pará state; and the Xavantina Operations located in Mato Grosso state. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $15.85 to $16.18
• 50-Day Range: $15.29 to $23.11
• 52-Week Range: $11.96 to $24.34
• Volume: 199,280 shs
• Average Volume: 336,398 shs
• Market Capitalization: $1.65 billion
• P/E Ratio: 93.71
• Dividend Yield: N/A
• Price Target: $30.00
• Consensus Rating: Buy

Ero Copper Stock Analysis - MarketRank™

Ero Copper scored higher than 72% of companies evaluated by MarketBeat, and ranked 87th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Ero Copper has received a consensus rating of Buy. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ero Copper has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 227.00%

Earnings Growth

Earnings for Ero Copper are expected to grow by 227.00% in the coming year, from $1.00 to $3.27 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ero Copper is 93.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ero Copper is 93.71, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 117.16.

Price to Book Value per Share Ratio

Ero Copper has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.52% of the float of Ero Copper has been sold short.

Short Interest Ratio / Days to Cover

Ero Copper has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.

Change versus previous month

Short interest in Ero Copper has recently increased by 34.82%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Ero Copper does not currently pay a dividend.

Dividend Growth

Ero Copper does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.52% of the float of Ero Copper has been sold short.

Short Interest Ratio / Days to Cover

Ero Copper has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.

Change versus previous month

Short interest in Ero Copper has recently increased by 34.82%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.42

News Sentiment

Ero Copper has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Ero Copper this week, compared to 3 articles on an average week.

MarketBeat Follows

2 people have added Ero Copper to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ero Copper insiders have not sold or bought any company stock.

Percentage Held by Institutions

71.30% of the stock of Ero Copper is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ERO Stock Analysis - Frequently Asked Questions

How have ERO shares performed this year?

Ero Copper's stock was trading at $15.79 on January 1st, 2024. Since then, ERO shares have increased by 0.9% and is now trading at $15.93.
View the best growth stocks for 2024 here.

How were Ero Copper's earnings last quarter?

Ero Copper Corp. (NYSE:ERO) released its earnings results on Thursday, August, 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $117.10 million for the quarter. Ero Copper had a trailing twelve-month return on equity of 10.54% and a net margin of 3.67%.

Who are Ero Copper's major shareholders?

Ero Copper's top institutional investors include FMR LLC (11.49%), Jennison Associates LLC (5.53%), Impala Asset Management LLC (2.14%) and Montrusco Bolton Investments Inc. (0.72%).

How do I buy shares of Ero Copper?

Shares of ERO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ero Copper own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ero Copper investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), Novo Nordisk A/S (NVO) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Private households
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:ERO
• CUSIP: N/A
• CIK: 1853860
• Web: www.erocopper.com
• Phone: (604) 449-9244
• Fax: 604-398-3767
• Employees: 3,374
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.00
• High Stock Price Target: $32.00
• Low Stock Price Target: $28.00
• Potential Upside/Downside: +88.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.14
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.17
• Trailing P/E Ratio: 93.71
• Forward P/E Ratio: 15.93
• P/E Growth: N/A
• Net Income: $92.80 million
• Net Margins: 3.67%
• Pretax Margin: 17.23%
• Return on Equity: 10.54%
• Return on Assets: 5.56%

Debt

• Debt-to-Equity Ratio: 0.59
• Current Ratio: 0.82
• Quick Ratio: 0.60

Sales & Book Value

• Annual Sales: $464.13 million
• Price / Sales: 3.55
• Cash Flow: $1.51 per share
• Price / Cash Flow: 10.56
• Book Value: $7.88 per share
• Price / Book: 2.02

Miscellaneous

• Outstanding Shares: 103,297,000
• Free Float: N/A
• Market Cap: $1.65 billion
• Optionable: Not Optionable
• Beta: 1.23