Analysts Offer Predictions for Ero Copper FY2024 Earnings

Ero Copper Corp. (NYSE:ERO) – Stock analysts at Scotiabank issued their FY2024 earnings estimates for Ero Copper in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw forecasts that the company will post earnings of $0.95 per share 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.

Other research analysts have also recently issued reports about the company. StockNews.com upgraded 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 note on Monday, December 2nd. They issued a “buy” rating and a $19.00 target price for the company. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Ero Copper currently has a consensus rating of “Buy” and a consensus target price of $26.33.

Ero Copper Stock Performance

NYSE ERO opened at $14.31 on Friday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 84.18 and a beta of 1.12. The stock has a 50-day simple moving average of $14.92 and a two-hundred day simple moving average of $18.53. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68. Ero Copper has a fifty-two week low of $12.78 and a fifty-two week high of $24.34.

Institutional Investors Weigh In On Ero Copper

Several institutional investors and hedge funds have recently added to or reduced their stakes in ERO. Exchange Traded Concepts LLC acquired a new stake in shares of Ero Copper in the third quarter valued at about $38,000. Toronto Dominion Bank boosted its holdings in 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. Sentry Investment Management LLC purchased a new stake in Ero Copper during the 3rd quarter worth approximately $457,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ero Copper by 6.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock valued at $522,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Ero Copper by 23.9% in the third quarter. Janus Henderson Group PLC now owns 27,408 shares of the company’s stock valued at $600,000 after acquiring an additional 5,286 shares in the last quarter. 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.