FY2025 Earnings Estimate for Ero Copper Issued By Desjardins

Key Points

• Desjardins has raised its FY2025 earnings per share (EPS) estimate for Ero Copper to $1.74, up from a previous forecast of $1.56, while the current consensus estimate stands at $0.71 per share.
• Institutional investors own 71.30% of Ero Copper's stock, with significant increases in positions from firms like GMT Capital Corp and Connor Clark & Lunn Investment Management.
• Ero Copper's stock is currently rated as a Moderate Buy with an average price target of $19.00, reflecting positive sentiment among analysts adjusting their ratings recently.

Ero Copper Corp. (NYSE:ERO - Free Report) - Equities researchers at Desjardins increased their FY2025 earnings per share (EPS) estimates for shares of Ero Copper in a report released on Wednesday, October 1st. Desjardins analyst B. Adams now expects that the company will post earnings per share of $1.74 for the year, up from their prior forecast of $1.56. The consensus estimate for Ero Copper's current full-year earnings is $0.71 per share. Desjardins also issued estimates for Ero Copper's FY2026 earnings at $2.98 EPS.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Ero Copper had a return on equity of 17.96% and a net margin of 26.63%.The business had revenue of $163.50 million for the quarter, compared to analyst estimates of $263.23 million.

Other equities analysts have also issued reports about the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Ero Copper in a research report on Saturday, September 27th. Zacks Research raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 30th. Stifel Canada upgraded shares of Ero Copper to a "strong-buy" rating in a research report on Tuesday, July 8th. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. Finally, Stifel Nicolaus assumed coverage on Ero Copper in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Ero Copper presently has an average rating of "Moderate Buy" and a consensus price target of $19.00.

Ero Copper Trading Up 2.6%

Ero Copper stock opened at $21.44 on Monday. The stock has a 50-day moving average price of $15.60 and a 200 day moving average price of $14.40. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 15.65 and a beta of 1.24. Ero Copper has a 52 week low of $9.30 and a 52 week high of $22.31. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83.

Institutional Trading of Ero Copper

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ERO. GMT Capital Corp raised its position in shares of Ero Copper by 22.9% in the first quarter. GMT Capital Corp now owns 6,931,025 shares of the company's stock worth $83,938,000 after acquiring an additional 1,292,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Ero Copper by 119.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,628,030 shares of the company's stock valued at $27,515,000 after purchasing an additional 885,630 shares in the last quarter. Bank of America Corp DE raised its holdings in Ero Copper by 82.6% in the 2nd quarter. Bank of America Corp DE now owns 1,775,632 shares of the company's stock worth $29,919,000 after purchasing an additional 803,320 shares during the period. TD Asset Management Inc raised its holdings in Ero Copper by 234.1% in the 1st quarter. TD Asset Management Inc now owns 935,090 shares of the company's stock worth $11,324,000 after purchasing an additional 655,232 shares during the period. Finally, Marshall Wace LLP boosted its position in Ero Copper by 2,384.8% during the second quarter. Marshall Wace LLP now owns 609,621 shares of the company's stock worth $10,272,000 after purchasing an additional 585,087 shares in the last quarter. Institutional investors and hedge funds own 71.30% of the company's stock.

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.

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