Desjardins Estimates Ero Copper's Q1 Earnings (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO - Free Report) - Equities research analysts at Desjardins issued their Q1 2025 earnings per share estimates for Ero Copper in a report issued on Tuesday, April 22nd. Desjardins analyst B. Adams expects that the company will post earnings per share of $0.14 for the quarter. Desjardins currently has a "Hold" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $0.71 per share.

Several other research firms have also commented on ERO. TD Securities upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 12th. BMO Capital Markets initiated coverage on shares of Ero Copper in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. TD Cowen raised shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Finally, Raymond James reaffirmed an "outperform" rating on shares of Ero Copper in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Ero Copper has an average rating of "Buy" and a consensus price target of $26.33.

Ero Copper Stock Down 2.4 %

NYSE ERO traded down $0.30 during trading on Friday, hitting $12.37. The company's stock had a trading volume of 199,874 shares, compared to its average volume of 514,415. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.68 and a quick ratio of 0.45. The company has a market cap of $1.28 billion, a PE ratio of 72.76 and a beta of 1.10. The business's 50 day simple moving average is $11.98 and its 200-day simple moving average is $14.12. Ero Copper has a fifty-two week low of $9.30 and a fifty-two week high of $24.34.

Ero Copper (NYSE:ERO - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Ero Copper had a net margin of 3.67% and a return on equity of 11.30%. The company had revenue of $122.50 million during the quarter, compared to analysts' expectations of $183.26 million.

Institutional Trading of Ero Copper

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Ero Copper in the fourth quarter valued at $991,000. Jennison Associates LLC increased its position in shares of Ero Copper by 3.5% during the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company's stock worth $79,645,000 after purchasing an additional 198,800 shares in the last quarter. Canoe Financial LP acquired a new stake in shares of Ero Copper during the fourth quarter worth about $456,000. Montrusco Bolton Investments Inc. increased its position in shares of Ero Copper by 3.9% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company's stock worth $10,448,000 after purchasing an additional 28,999 shares in the last quarter. Finally, Sprott Inc. increased its position in shares of Ero Copper by 42.2% during the fourth quarter. Sprott Inc. now owns 455,289 shares of the company's stock worth $6,137,000 after purchasing an additional 135,049 shares in the last quarter. 71.30% of the stock is currently owned by institutional investors and hedge funds.

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.