Ero Copper Corp. (NYSE:ERO – Free Report) – Raymond James lowered their Q3 2024 earnings per share estimates for shares of Ero Copper in a research report issued on Tuesday, September 17th. Raymond James analyst F. Hamed now forecasts that the company will post earnings per share of $0.38 for the quarter, down from their previous estimate of $0.65. Raymond James currently has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $1.75 per share. Raymond James also issued estimates for Ero Copper’s Q1 2025 earnings at $0.97 EPS, Q2 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.90 EPS and FY2025 earnings at $3.61 EPS.
Ero Copper (NYSE:ERO – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.18 earnings per share for the quarter, topping 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 firm had revenue of $117.10 million during the quarter. During the same period last year, the business posted $0.24 earnings per share.
Check Out Our Latest Stock Analysis on Ero Copper
Ero Copper Stock Performance
Shares of ERO opened at $21.03 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60. The stock has a 50-day moving average of $19.83 and a 200-day moving average of $20.32. The company has a market cap of $2.17 billion, a PE ratio of 32.35 and a beta of 1.19. Ero Copper has a one year low of $11.35 and a one year high of $24.34.
Hedge Funds Weigh In On Ero Copper
A number of hedge funds have recently added to or reduced their stakes in ERO. Toronto Dominion Bank boosted its stake in shares of Ero Copper by 38.7% in the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock worth $54,000 after buying an additional 709 shares during the last quarter. Platinum Investment Management Ltd. purchased a new position in shares of Ero Copper in the 4th quarter worth approximately $257,000. Chesapeake Capital Corp IL purchased a new position in shares of Ero Copper in the 2nd quarter worth approximately $351,000. Aigen Investment Management LP purchased a new position in shares of Ero Copper in the 4th quarter worth approximately $356,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Ero Copper in the 4th quarter worth approximately $385,000. 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.
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