Ero Copper Corp. (NYSE:ERO – Free Report) – Analysts at Scotiabank decreased their FY2027 earnings per share estimates for Ero Copper in a research report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $5.71 per share for the year, down from their previous forecast of $5.89. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.28 per share.
Ero Copper (NYSE:ERO – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Ero Copper had a return on equity of 30.32% and a net margin of 29.79%. The firm had revenue of $284.30 million during the quarter, compared to analyst estimates of $277.64 million.
Other research analysts also recently issued reports about the company. Wall Street Zen upgraded Ero Copper from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Ero Copper in a report on Wednesday, September 23rd. Weiss Ratings upgraded shares of Ero Copper from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Bank of America raised shares of Ero Copper from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $34.00 in a report on Thursday, July 16th. Finally, Zacks Research raised shares of Ero Copper from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.
Get Our Latest Research Report on ERO
Ero Copper Stock Up 0.8%
Shares of ERO opened at $34.73 on Friday. The business’s 50 day moving average is $36.17 and its 200 day moving average is $30.70. The company has a market capitalization of $3.63 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 0.27 and a beta of 1.27. Ero Copper has a 12-month low of $19.09 and a 12-month high of $40.83. The company has a current ratio of 1.30, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Sanders Morris Harris LLC bought a new stake in shares of Ero Copper in the third quarter worth about $807,000. Artemis Investment Management LLP boosted its stake in Ero Copper by 34.3% during the third quarter. Artemis Investment Management LLP now owns 893,832 shares of the company’s stock valued at $32,837,000 after buying an additional 228,194 shares during the last quarter. Engineers Gate Manager LP boosted its stake in Ero Copper by 0.8% during the second quarter. Engineers Gate Manager LP now owns 37,573 shares of the company’s stock valued at $1,005,000 after buying an additional 285 shares during the last quarter. Corient Private Wealth LP grew its holdings in Ero Copper by 4.0% during the 2nd quarter. Corient Private Wealth LP now owns 9,046 shares of the company’s stock valued at $242,000 after buying an additional 348 shares in the last quarter. Finally, Amundi grew its holdings in Ero Copper by 85.8% during the 2nd quarter. Amundi now owns 965,346 shares of the company’s stock valued at $25,823,000 after buying an additional 445,849 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.
Ero Copper Company Profile
Ero Copper Corp. is a Canadian mining company focused on the exploration, development and production of copper, gold and other mineral resources in Brazil. The company is headquartered in Vancouver, British Columbia, and its shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ERO.
Ero Copper’s principal assets include the Caraíba Mining Complex in the state of Bahia, which produces copper, and the NX Gold operation in Mato Grosso, which produces gold.
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