Ero Copper Corp. (ERO) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is mixed but averages to “Hold”: Of 15 firms covering Ero Copper, seven rate it Hold, six Buy, one Strong Buy, and one Sell. The average 12-month price target is $32.33.
• Ero Copper reported quarterly earnings of $1.22 per share, beating estimates of $1.05, while revenue of $348 million also exceeded consensus expectations.
• Institutional investors and hedge funds own 71.3% of the stock; recent activity included William Blair Investment Management increasing its stake by 25.1%.

Shares of Ero Copper Corp. (NYSE:ERO - Get Free Report) have been given a consensus rating of "Hold" by the fifteen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $32.33.

A number of analysts have issued reports on ERO shares. Wall Street Zen raised Ero Copper from a "hold" rating to a "buy" rating in a research note on Saturday, November 7th. Weiss Ratings downgraded shares of Ero Copper from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, October 28th. Zacks Research lowered shares of Ero Copper from a "hold" rating to a "strong sell" rating in a report on Monday, October 19th. Scotiabank raised shares of Ero Copper from a "sector perform" rating to a "sector outperform" rating in a research report on Tuesday, November 3rd. Finally, Freedom Broker downgraded Ero Copper from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ERO. Private Advisor Group LLC acquired a new stake in Ero Copper during the third quarter valued at approximately $412,000. Public Sector Pension Investment Board acquired a new position in Ero Copper in the third quarter valued at approximately $234,000. HighTower Advisors LLC bought a new position in Ero Copper during the 3rd quarter worth $3,599,000. William Blair Investment Management LLC increased its holdings in shares of Ero Copper by 25.1% in the 3rd quarter. William Blair Investment Management LLC now owns 550,048 shares of the company's stock worth $20,181,000 after acquiring an additional 110,408 shares during the period. Finally, Hughes Financial Services LLC bought a new position in Ero Copper in the 3rd quarter worth about $52,000. 71.30% of the stock is owned by institutional investors and hedge funds.

Ero Copper Stock Performance

Shares of ERO stock opened at $30.90 on Thursday. The stock has a fifty day moving average price of $34.11 and a 200 day moving average price of $30.65. The stock has a market cap of $3.23 billion, a PE ratio of 8.28, a P/E/G ratio of 0.28 and a beta of 1.32. Ero Copper has a 1 year low of $20.61 and a 1 year high of $40.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 1.30.

Ero Copper (NYSE:ERO - Get Free Report) last posted its earnings results on Monday, November 2nd. The company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.17. The company had revenue of $348.00 million for the quarter, compared to the consensus estimate of $342.91 million. Ero Copper had a return on equity of 38.98% and a net margin of 32.21%. Sell-side analysts forecast that Ero Copper will post 3.86 earnings per share for the current fiscal year.

About Ero Copper

Ero Copper Corp. is a Canadian mining company focused on copper production in Brazil. Its operations include the Caraíba complex in Bahia, which comprises underground and open-pit mines and processing facilities, and the Tucumã mine in Pará. The company produces copper concentrate and may recover gold and silver as byproducts. Ero Copper was established in 2016 to acquire and develop copper assets in Brazil, and Tucumã began commercial production in 2024. Headquartered in Vancouver, British Columbia, Ero Copper's business is centered on operating and developing its Brazilian mining assets.

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