National Bank Financial Comments on Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO) – Stock analysts at National Bank Financial cut their Q4 2024 earnings per share estimates for Ero Copper in a report released on Tuesday, February 11th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.06 per share for the quarter, down from their previous estimate of $0.17. The consensus estimate for Ero Copper’s current full-year earnings is $0.91 per share. National Bank Financial also issued estimates for Ero Copper’s FY2025 earnings at $1.96 EPS and FY2026 earnings at $2.37 EPS.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group began coverage on Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 target price for the company. TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday. TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, StockNews.com raised Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $26.33.

Ero Copper Stock Up 7.5 %

NYSE:ERO opened at $14.16 on Friday. The firm has a market capitalization of $1.47 billion, a PE ratio of 83.29 and a beta of 1.14. The stock has a 50 day moving average of $13.78 and a 200-day moving average of $17.25. Ero Copper has a 52 week low of $12.70 and a 52 week high of $24.34. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On Ero Copper

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ERO. Invesco Ltd. lifted its position in shares of Ero Copper by 22.6% during the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company’s stock valued at $52,450,000 after acquiring an additional 715,999 shares during the last quarter. Bridgewater Associates LP lifted its position in shares of Ero Copper by 400.2% during the 4th quarter. Bridgewater Associates LP now owns 818,269 shares of the company’s stock valued at $11,026,000 after acquiring an additional 654,684 shares during the last quarter. Boston Partners lifted its position in shares of Ero Copper by 66.9% during the 4th quarter. Boston Partners now owns 1,101,265 shares of the company’s stock valued at $14,850,000 after acquiring an additional 441,413 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Ero Copper during the 4th quarter valued at $3,509,000. Finally, Impala Asset Management LLC lifted its position 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 acquiring an additional 248,390 shares during the last quarter. 71.30% of the stock is owned by institutional investors.

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.