Ero Copper Corp. (NYSE:ERO - Free Report) - Stifel Canada issued their FY2028 EPS estimates for shares of Ero Copper in a report issued on Tuesday, July 8th. Stifel Canada analyst R. Profiti expects that the company will post earnings of $1.58 per share for the year. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $0.71 per share. Stifel Canada also issued estimates for Ero Copper's FY2029 earnings at $1.85 EPS.
Ero Copper (NYSE:ERO - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.18. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. The firm had revenue of $125.10 million for the quarter, compared to the consensus estimate of $179.45 million.
Other research analysts have also issued reports about the stock. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. National Bank Financial cut Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 9th. Stifel Nicolaus began coverage on Ero Copper in a research note on Wednesday, July 9th. They issued a "buy" rating for the company. Scotiabank restated an "outperform" rating on shares of Ero Copper in a report on Tuesday, July 8th. Finally, Desjardins began coverage on shares of Ero Copper in a research note on Friday, April 4th. They set a "hold" rating for the company. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Ero Copper presently has an average rating of "Moderate Buy" and a consensus price target of $23.50.
Check Out Our Latest Stock Analysis on Ero Copper
Ero Copper Price Performance
Shares of ERO stock traded down $0.45 on Friday, hitting $14.66. 746,522 shares of the stock traded hands, compared to its average volume of 545,895. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 86.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $13.56. Ero Copper has a 52 week low of $9.30 and a 52 week high of $23.40.
Institutional Trading of Ero Copper
Several institutional investors and hedge funds have recently modified their holdings of the stock. J. Safra Sarasin Holding AG lifted its stake in shares of Ero Copper by 3.2% during the 1st quarter. J. Safra Sarasin Holding AG now owns 24,266 shares of the company's stock worth $294,000 after purchasing an additional 753 shares during the last quarter. PenderFund Capital Management Ltd. raised its holdings in Ero Copper by 0.7% in the first quarter. PenderFund Capital Management Ltd. now owns 123,492 shares of the company's stock worth $1,497,000 after purchasing an additional 836 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of Ero Copper by 19.1% during the fourth 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 during the last quarter. Swiss National Bank boosted its holdings in shares of Ero Copper by 0.6% in the 4th quarter. Swiss National Bank now owns 194,100 shares of the company's stock valued at $2,616,000 after buying an additional 1,200 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC grew its position 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 buying an additional 1,473 shares during the last quarter. Institutional investors own 71.30% of the company's stock.
About Ero Copper
(
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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.
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