Ventum Cap Mkts Weighs in on Ero Copper Q4 Earnings

Ero Copper Corp. (NYSE:ERO) – Analysts at Ventum Cap Mkts issued their Q4 2024 earnings estimates for shares of Ero Copper in a research note issued to investors on Wednesday, February 19th. Ventum Cap Mkts analyst C. Mackay forecasts that the company will post earnings per share of $0.24 for the quarter. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share.

Other analysts have also issued reports about the company. The Goldman Sachs Group initiated coverage on Ero Copper in a research note on Monday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock. TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, TD Securities raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $26.33.

Ero Copper Trading Down 6.0 %

NYSE:ERO opened at $12.79 on Friday. Ero Copper has a 1 year low of $12.70 and a 1 year high of $24.34. The stock’s fifty day moving average price is $13.74 and its two-hundred day moving average price is $17.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The company has a market cap of $1.32 billion, a P/E ratio of 75.23 and a beta of 1.14.

Institutional Investors Weigh In On Ero Copper

Several hedge funds have recently bought and sold shares of ERO. Northwest & Ethical Investments L.P. raised its position in shares of Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company’s stock valued at $88,000 after buying an additional 1,050 shares in the last quarter. Sentry Investment Management LLC raised its position in Ero Copper by 5.8% during the fourth quarter. Sentry Investment Management LLC now owns 21,716 shares of the company’s stock valued at $293,000 after purchasing an additional 1,188 shares in the last quarter. Swiss National Bank lifted its stake in Ero Copper by 0.6% during the fourth quarter. Swiss National Bank now owns 194,100 shares of the company’s stock worth $2,616,000 after purchasing an additional 1,200 shares during the last quarter. BTG Pactual Asset Management US LLC boosted its holdings in shares of Ero Copper by 12.6% in the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company’s stock worth $178,000 after purchasing an additional 1,473 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ero Copper by 6.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock valued at $522,000 after purchasing an additional 1,475 shares during the last quarter. 71.30% of the stock is currently 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.