FY2025 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Equities researchers at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for Ero Copper in a research report issued to clients and investors on Friday, January 30th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $2.11 for the year, down from their previous forecast of $2.41. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share.

A number of other research analysts also recently commented on the company. Cibc World Mkts downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. TD Cowen reiterated a “hold” rating on shares of Ero Copper in a report on Tuesday, October 21st. Freedom Capital upgraded Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Canaccord Genuity Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, January 14th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Ero Copper in a research report on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ero Copper has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Ero Copper Trading Up 7.9%

Ero Copper stock opened at $36.89 on Monday. Ero Copper has a 12 month low of $9.30 and a 12 month high of $39.80. The company has a quick ratio of 0.46, a current ratio of 0.82 and a debt-to-equity ratio of 0.64. The stock has a market cap of $3.84 billion, a P/E ratio of 27.74 and a beta of 1.20. The company’s fifty day simple moving average is $28.65 and its 200-day simple moving average is $21.77.

Ero Copper (NYSE:ERO) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.09). Ero Copper had a net margin of 23.44% and a return on equity of 17.07%. The business had revenue of $177.10 million for the quarter, compared to analyst estimates of $309.30 million.

Hedge Funds Weigh In On Ero Copper

A number of institutional investors have recently modified their holdings of ERO. TD Waterhouse Canada Inc. increased its stake in Ero Copper by 2.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 17,852 shares of the company’s stock valued at $503,000 after acquiring an additional 380 shares during the period. Pictet Asset Management Holding SA lifted its position in shares of Ero Copper by 3.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 18,103 shares of the company’s stock worth $513,000 after acquiring an additional 574 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Ero Copper during the 4th quarter worth approximately $25,000. Envestnet Asset Management Inc. increased its position in shares of Ero Copper by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 56,255 shares of the company’s stock valued at $948,000 after purchasing an additional 1,152 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Ero Copper by 3.4% in the second quarter. Geode Capital Management LLC now owns 55,170 shares of the company’s stock valued at $936,000 after purchasing an additional 1,823 shares in the last quarter. Institutional investors own 71.30% of the company’s stock.

Ero Copper Company Profile

Ero Copper Corp (NYSE: ERO) is a Canada-based natural resource company focused on the production of copper concentrate from its Brazilian operations. The company’s flagship asset is the Vale do Curaçá mining complex in the state of Bahia, which includes multiple underground mines and a centralized processing facility. Ero Copper’s primary product is copper concentrate, which is sold to smelters and end users around the world.

The Vale do Curaçá complex comprises the Pilar and Surubim underground mines, supported by a fully integrated processing plant.