Scotiabank Analysts Reduce Earnings Estimates for Ero Copper

Ero Copper Corp. (NYSE:ERO) – Analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for Ero Copper in a research note issued to investors on Friday, January 30th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $2.11 per share 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.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Canaccord Genuity Group raised Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, January 14th. TD Securities lowered Ero Copper from a “buy” rating to a “hold” rating in a report on Tuesday, October 21st. The Goldman Sachs Group lifted their target price on Ero Copper from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen lowered Ero Copper from a “buy” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Ero Copper Stock Performance

ERO opened at $34.14 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company’s fifty day moving average price is $28.38 and its two-hundred day moving average price is $21.61. Ero Copper has a 1-year low of $9.30 and a 1-year high of $39.80. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 25.67 and a beta of 1.20.

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

Institutional Trading of Ero Copper

Hedge funds have recently bought and sold shares of the business. Kapitalo Investimentos Ltda grew its holdings in Ero Copper by 86.0% during the third quarter. Kapitalo Investimentos Ltda now owns 1,076,696 shares of the company’s stock valued at $21,782,000 after purchasing an additional 497,978 shares during the period. Frontier Capital Management Co. LLC lifted its position in shares of Ero Copper by 21.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,354,239 shares of the company’s stock valued at $22,819,000 after buying an additional 239,935 shares during the last quarter. Impala Asset Management LLC grew its stake in shares of Ero Copper by 3.0% during the 2nd quarter. Impala Asset Management LLC now owns 1,699,100 shares of the company’s stock worth $28,494,000 after acquiring an additional 49,199 shares during the period. Boston Partners increased its holdings in Ero Copper by 37.5% in the 2nd quarter. Boston Partners now owns 889,154 shares of the company’s stock worth $14,979,000 after acquiring an additional 242,594 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in Ero Copper by 12.3% in the 2nd quarter. Scotia Capital Inc. now owns 303,008 shares of the company’s stock valued at $5,039,000 after acquiring an additional 33,146 shares during the period. 71.30% of the stock is currently owned by institutional investors.

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.