Ero Copper (NYSE:ERO) Stock Rating Lowered by National Bank Financial

National Bank Financial cut shares of Ero Copper (NYSE:ERO - Free Report) from an outperform rating to a sector perform rating in a research note issued to investors on Wednesday morning, Marketbeat reports. National Bank Financial also issued estimates for Ero Copper's Q2 2025 earnings at $0.33 EPS, FY2025 earnings at $1.97 EPS and FY2027 earnings at $3.45 EPS.

Other research analysts also recently issued reports about the company. Wall Street Zen raised Ero Copper from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Desjardins assumed coverage on Ero Copper in a research note on Friday, April 4th. They issued a "hold" rating for the company. TD Securities reissued a "buy" rating on shares of Ero Copper in a research note on Wednesday, May 7th. National Bankshares downgraded Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Tuesday. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Ero Copper in a research note on Friday, July 4th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $26.33.

Ero Copper Price Performance

Shares of ERO stock traded up $0.34 during trading hours on Wednesday, hitting $15.10. 1,807,626 shares of the company's stock were exchanged, compared to its average volume of 443,624. The company has a quick ratio of 0.80, a current ratio of 1.05 and a debt-to-equity ratio of 0.83. The firm has a market cap of $1.56 billion, a P/E ratio of 88.83 and a beta of 1.18. The firm has a 50 day moving average of $14.99 and a two-hundred day moving average of $13.56. Ero Copper has a fifty-two week low of $9.30 and a fifty-two week high of $23.40.

Ero Copper (NYSE:ERO - Get Free Report) last announced 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 business had revenue of $125.10 million during the quarter, compared to the consensus estimate of $179.45 million. Ero Copper had a return on equity of 14.24% and a net margin of 3.87%. Sell-side analysts forecast that Ero Copper will post 0.71 EPS for the current year.

Institutional Trading of Ero Copper

Several large investors have recently added to or reduced their stakes in the stock. J. Safra Sarasin Holding AG grew its holdings in Ero Copper by 3.2% in the 1st quarter. J. Safra Sarasin Holding AG now owns 24,266 shares of the company's stock valued at $294,000 after buying an additional 753 shares in the last quarter. PenderFund Capital Management Ltd. grew its holdings in Ero Copper by 0.7% in the 1st quarter. PenderFund Capital Management Ltd. now owns 123,492 shares of the company's stock valued at $1,497,000 after buying an additional 836 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in Ero Copper by 19.1% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock valued at $88,000 after buying an additional 1,050 shares in the last quarter. Swiss National Bank grew its holdings in Ero Copper by 0.6% in the 4th quarter. Swiss National Bank now owns 194,100 shares of the company's stock valued at $2,616,000 after buying an additional 1,200 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC increased its position in shares of Ero Copper by 12.6% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 13,173 shares of the company's stock worth $178,000 after purchasing an additional 1,473 shares during the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Company Profile

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.