Ero Copper (NYSE:ERO) Rating Increased to Moderate Buy at Raymond James Financial

Raymond James Financial upgraded shares of Ero Copper (NYSE:ERO - Free Report) to a moderate buy rating in a report released on Monday morning,Zacks.com reports. Raymond James Financial also issued estimates for Ero Copper's Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.90 EPS and Q4 2025 earnings at $0.81 EPS.

A number of other brokerages also recently commented on ERO. National Bank Financial raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Wall Street Zen upgraded shares of Ero Copper from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. BMO Capital Markets assumed coverage on shares of Ero Copper in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. National Bankshares raised shares of Ero Copper from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, May 6th. Finally, TD Securities reissued a "buy" rating on shares of Ero Copper in a report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $26.33.

Ero Copper Stock Down 3.0%

ERO stock traded down $0.53 during midday trading on Monday, hitting $16.93. The company's stock had a trading volume of 972,331 shares, compared to its average volume of 419,401. The firm has a 50-day simple moving average of $14.65 and a 200-day simple moving average of $13.47. The firm has a market capitalization of $1.75 billion, a P/E ratio of 99.59 and a beta of 1.18. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. Ero Copper has a 52-week low of $9.30 and a 52-week high of $23.40.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.18. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. The business had revenue of $125.10 million for the quarter, compared to analysts' expectations of $179.45 million. As a group, equities analysts forecast that Ero Copper will post 0.71 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ERO. Acuitas Investments LLC purchased a new position in shares of Ero Copper during the first quarter worth about $39,000. State of Wyoming acquired a new stake in shares of Ero Copper in the 4th quarter valued at about $76,000. Northwest & Ethical Investments L.P. grew its stake in Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock worth $88,000 after buying an additional 1,050 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Ero Copper by 128.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock worth $143,000 after buying an additional 6,000 shares during the period. Finally, Deutsche Bank AG lifted its stake in Ero Copper by 59.5% in the fourth quarter. Deutsche Bank AG now owns 10,700 shares of the company's stock valued at $144,000 after buying an additional 3,990 shares during the last quarter. 71.30% of the stock is owned by hedge funds and other 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.