
Ero Copper Corp. (NYSE:ERO – Free Report) – Stock analysts at Scotiabank upped their FY2027 EPS estimates for Ero Copper in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $5.89 per share for the year, up from their previous forecast of $5.37. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $3.98 per share.
Ero Copper (NYSE:ERO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Ero Copper had a net margin of 29.79% and a return on equity of 30.32%. The firm had revenue of $284.30 million during the quarter, compared to the consensus estimate of $277.64 million.
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Ero Copper Stock Performance
NYSE ERO opened at $38.59 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $28.93 and its two-hundred day moving average is $28.80. Ero Copper has a 12-month low of $13.91 and a 12-month high of $39.88. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.32 and a beta of 1.21.
Institutional Investors Weigh In On Ero Copper
A number of hedge funds and other institutional investors have recently modified their holdings of ERO. FIL Ltd boosted its stake in shares of Ero Copper by 74.1% during the 4th quarter. FIL Ltd now owns 11,670,422 shares of the company’s stock worth $330,161,000 after acquiring an additional 4,966,427 shares in the last quarter. Invesco Ltd. increased its stake in Ero Copper by 10.7% in the 4th quarter. Invesco Ltd. now owns 2,827,385 shares of the company’s stock valued at $79,987,000 after purchasing an additional 273,470 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ero Copper by 77.6% during the fourth quarter. Vanguard Group Inc. now owns 2,546,856 shares of the company’s stock worth $72,051,000 after purchasing an additional 1,112,428 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ero Copper by 11.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,507,087 shares of the company’s stock worth $50,794,000 after purchasing an additional 250,303 shares in the last quarter. Finally, Cape Ann Asset Management Ltd boosted its position in Ero Copper by 13.5% during the first quarter. Cape Ann Asset Management Ltd now owns 1,949,128 shares of the company’s stock worth $51,983,000 after purchasing an additional 231,485 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.
About Ero Copper
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.
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