FY2024 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Research analysts at Scotiabank issued their FY2024 EPS estimates for shares of Ero Copper in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw anticipates that the company will post earnings per share of $0.95 for the year. The consensus estimate for Ero Copper’s current full-year earnings is $0.98 per share. Scotiabank also issued estimates for Ero Copper’s FY2025 earnings at $2.92 EPS and FY2026 earnings at $3.79 EPS.

Several other brokerages have also recently commented on ERO. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group started coverage on shares of Ero Copper in a research report on Monday, December 2nd. They issued a “buy” rating and a $19.00 target price for the company. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $26.33.

Ero Copper Trading Up 0.4 %

Shares of NYSE:ERO opened at $14.40 on Friday. Ero Copper has a 12-month low of $12.78 and a 12-month high of $24.34. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average of $14.84 and a two-hundred day moving average of $18.46. The firm has a market capitalization of $1.49 billion, a P/E ratio of 84.71 and a beta of 1.15.

Institutional Investors Weigh In On Ero Copper

Several hedge funds and other institutional investors have recently made changes to their positions in ERO. Impala Asset Management LLC grew its holdings in shares of Ero Copper by 12.7% during the 3rd quarter. Impala Asset Management LLC now owns 2,209,610 shares of the company’s stock valued at $49,208,000 after purchasing an additional 248,390 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Ero Copper by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 5,710,827 shares of the company’s stock valued at $127,149,000 after purchasing an additional 237,345 shares during the last quarter. FMR LLC grew its holdings in shares of Ero Copper by 1.8% during the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company’s stock valued at $264,262,000 after purchasing an additional 206,405 shares during the last quarter. Temasek Holdings Private Ltd grew its holdings in shares of Ero Copper by 41.2% during the 3rd quarter. Temasek Holdings Private Ltd now owns 542,421 shares of the company’s stock valued at $12,080,000 after purchasing an additional 158,294 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its holdings in shares of Ero Copper by 608.2% during the 3rd quarter. Mirabella Financial Services LLP now owns 143,252 shares of the company’s stock valued at $3,189,000 after purchasing an additional 123,023 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

Ero Copper Company Profile

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.