Stifel Canada Comments on Ero Copper FY2028 Earnings

Ero Copper Corp. (NYSE:ERO - Free Report) - Investment analysts at Stifel Canada issued their FY2028 earnings per share estimates for shares of Ero Copper in a research report issued to clients and investors on Tuesday, July 8th. Stifel Canada analyst R. Profiti forecasts 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 posted its earnings results on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.18. The firm had revenue of $125.10 million during the quarter, compared to the consensus estimate of $179.45 million. Ero Copper had a net margin of 3.87% and a return on equity of 14.24%.

Other equities analysts also recently issued research reports about the stock. Scotiabank reiterated an "outperform" rating on shares of Ero Copper in a research note on Tuesday. National Bankshares cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Tuesday. National Bank Financial cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. Finally, TD Securities reaffirmed a "buy" rating on shares of Ero Copper in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.33.

Ero Copper Stock Performance

Shares of ERO traded up $0.34 during trading hours on Friday, hitting $15.10. The company's stock had a trading volume of 1,807,626 shares, compared to its average volume of 443,450. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 88.83 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 business 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 Investors Weigh In On Ero Copper

Hedge funds have recently bought and sold shares of the stock. Acuitas Investments LLC bought a new stake in shares of Ero Copper in the 1st quarter worth approximately $39,000. State of Wyoming bought a new stake in shares of Ero Copper in the 4th quarter worth approximately $76,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Ero Copper by 19.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after acquiring an additional 1,050 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Ero Copper by 128.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock worth $143,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Ero Copper by 59.5% in the 4th quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock worth $144,000 after acquiring an additional 3,990 shares during the last quarter. 71.30% of the stock is currently owned by institutional investors.

About Ero Copper

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.