FY2025 EPS Estimates for Ero Copper Reduced by Stifel Canada

Key Points

• Stifel Canada has reduced its FY2025 earnings per share estimate for Ero Copper Corp. from $1.88 to $1.72, maintaining a "Hold" rating on the stock.
• While Stifel Canada downgraded its estimates, Zacks Research upgraded Ero Copper from a "hold" to a "strong-buy" rating, reflecting differing analyst opinions.
• The stock has a consensus price target of $19.00 and a current market cap of $2.12 billion, with significant institutional ownership at 71.30%.

Ero Copper Corp. (NYSE:ERO - Free Report) - Equities research analysts at Stifel Canada cut their FY2025 earnings per share (EPS) estimates for shares of Ero Copper in a report released on Tuesday, October 21st. Stifel Canada analyst R. Profiti now expects that the company will post earnings of $1.72 per share for the year, down from their previous forecast of $1.88. Stifel Canada currently has a "Hold" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $0.71 per share.

A number of other equities research analysts have also issued reports on ERO. Zacks Research raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 30th. TD Cowen reaffirmed a "hold" rating on shares of Ero Copper in a research note on Tuesday. National Bank Financial lowered Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 9th. Wall Street Zen lowered Ero Copper from a "buy" rating to a "hold" rating in a research note on Tuesday, October 14th. Finally, Canaccord Genuity Group lowered Ero Copper from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.00.

Ero Copper Price Performance

ERO stock opened at $20.51 on Thursday. Ero Copper has a 1 year low of $9.30 and a 1 year high of $24.48. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.80 and a current ratio of 1.05. The stock's 50 day moving average price is $17.84 and its 200 day moving average price is $15.25. The firm has a market cap of $2.12 billion, a P/E ratio of 14.97 and a beta of 1.24.

Ero Copper (NYSE:ERO - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.46 earnings per share (EPS) 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 firm had revenue of $163.50 million for the quarter, compared to analyst estimates of $263.23 million.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. GMT Capital Corp raised its holdings in Ero Copper by 7.7% in the 2nd quarter. GMT Capital Corp now owns 7,467,055 shares of the company's stock valued at $125,865,000 after acquiring an additional 536,030 shares during the last quarter. Jennison Associates LLC raised its holdings in Ero Copper by 5.0% in the 2nd quarter. Jennison Associates LLC now owns 5,487,290 shares of the company's stock valued at $92,651,000 after acquiring an additional 259,830 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ero Copper by 2.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,607,517 shares of the company's stock valued at $43,689,000 after acquiring an additional 80,359 shares during 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 valued at $29,919,000 after acquiring an additional 803,320 shares during the last quarter. Finally, Impala Asset Management LLC raised its holdings in Ero Copper by 3.0% in the 2nd quarter. Impala Asset Management LLC now owns 1,699,100 shares of the company's stock valued at $28,494,000 after acquiring an additional 49,199 shares during the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

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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