Q3 Earnings Estimate for Ero Copper Issued By Raymond James

Ero Copper Corp. (NYSE:ERO) – Analysts at Raymond James lowered their Q3 2024 EPS estimates for shares of Ero Copper in a research note issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.28 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) last released its earnings results on Thursday, August 1st. The company reported $0.18 EPS 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 business had revenue of $117.10 million during the quarter. During the same period in the prior year, the business earned $0.24 EPS.

Several other research analysts also recently weighed in on the stock. Jefferies Financial Group upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a report on Friday. Ventum Cap Mkts raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Bank of America started coverage on Ero Copper in a report on Tuesday, September 3rd. They set a “buy” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $30.00.

Ero Copper Trading Down 0.6 %

NYSE:ERO opened at $19.40 on Friday. The firm has a fifty day simple moving average of $20.60 and a two-hundred day simple moving average of $20.69. Ero Copper has a 12 month low of $11.35 and a 12 month high of $24.34. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 29.85 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Institutional Investors Weigh In On Ero Copper

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of Ero Copper by 226.9% in the first quarter. Boston Partners now owns 726,068 shares of the company’s stock valued at $14,010,000 after acquiring an additional 503,972 shares in the last quarter. Jennison Associates LLC grew its stake in Ero Copper by 39.0% in the 1st quarter. Jennison Associates LLC now owns 3,998,246 shares of the company’s stock valued at $77,117,000 after purchasing an additional 1,121,095 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in shares of Ero Copper by 22.5% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 340,008 shares of the company’s stock valued at $7,266,000 after purchasing an additional 62,500 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Ero Copper during the 2nd quarter worth $2,521,000. Finally, Van ECK Associates Corp raised its stake in shares of Ero Copper by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 132,893 shares of the company’s stock worth $2,841,000 after purchasing an additional 26,305 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.