Brokers Issue Forecasts for Ero Copper FY2025 Earnings

Ero Copper Corp. (NYSE:ERO) – Stock analysts at National Bank Financial dropped their FY2025 earnings per share estimates for shares of Ero Copper in a research note issued on Sunday, March 9th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $1.94 per share for the year, down from their previous estimate of $1.96. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share. National Bank Financial also issued estimates for Ero Copper’s FY2026 earnings at $2.39 EPS and FY2027 earnings at $2.81 EPS.

Ero Copper (NYSE:ERO) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). The business had revenue of $122.50 million during the quarter, compared to the consensus estimate of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%.

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group started coverage on Ero Copper in a research report on Monday, December 2nd. They issued a “buy” rating and a $19.00 price objective on the stock. TD Securities raised Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, TD Cowen raised Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Ero Copper currently has an average rating of “Buy” and a consensus target price of $26.33.

Ero Copper Stock Performance

ERO stock opened at $12.42 on Wednesday. The stock has a market capitalization of $1.29 billion, a PE ratio of 73.03 and a beta of 1.17. Ero Copper has a 12-month low of $11.11 and a 12-month 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. The stock’s 50 day simple moving average is $13.42 and its 200 day simple moving average is $16.34.

Institutional Investors Weigh In On Ero Copper

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Ero Copper by 1.8% in the 3rd quarter. FMR LLC now owns 11,869,851 shares of the company’s stock worth $264,262,000 after purchasing an additional 206,405 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Ero Copper by 3.5% in the 4th quarter. Jennison Associates LLC now owns 5,909,627 shares of the company’s stock worth $79,645,000 after purchasing an additional 198,800 shares in the last quarter. Invesco Ltd. increased its stake in shares of Ero Copper by 22.6% in the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company’s stock worth $52,450,000 after purchasing an additional 715,999 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ero Copper by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company’s stock worth $47,529,000 after purchasing an additional 176,637 shares in the last quarter. Finally, 683 Capital Management LLC increased its stake in shares of Ero Copper by 20.4% in the 4th quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company’s stock worth $33,272,000 after purchasing an additional 418,367 shares in the last quarter. 71.30% of the stock is currently owned by hedge funds and other 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.