Raymond James Forecasts Ero Copper's Q1 Earnings (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO - Free Report) - Investment analysts at Raymond James reduced their Q1 2025 earnings estimates for shares of Ero Copper in a note issued to investors on Tuesday, April 15th. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.19. Raymond James currently has a "Outperform" rating on the stock. The consensus estimate for Ero Copper's current full-year earnings is $0.71 per share. Raymond James also issued estimates for Ero Copper's Q2 2025 earnings at $0.67 EPS and Q4 2025 earnings at $0.81 EPS.

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

Other equities research analysts have also recently issued reports about the company. TD Securities raised Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 12th. BMO Capital Markets assumed coverage on Ero Copper in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. TD Cowen upgraded Ero Copper from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Desjardins assumed coverage on shares of Ero Copper in a research report on Friday, April 4th. They issued a "hold" rating on the stock. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $26.33.

Ero Copper Price Performance

NYSE ERO traded up $0.57 on Friday, reaching $11.80. The company had a trading volume of 422,834 shares, compared to its average volume of 400,932. The firm's 50 day moving average price is $12.14 and its 200 day moving average price is $14.40. Ero Copper has a 12 month low of $9.30 and a 12 month high of $24.34. The stock has a market capitalization of $1.22 billion, a PE ratio of 69.41 and a beta of 1.10. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ERO. Invesco Ltd. lifted its holdings in shares of Ero Copper by 22.6% in the 4th quarter. Invesco Ltd. now owns 3,890,977 shares of the company's stock worth $52,450,000 after acquiring an additional 715,999 shares during the last quarter. Bridgewater Associates LP raised its position in Ero Copper by 400.2% in the 4th quarter. Bridgewater Associates LP now owns 818,269 shares of the company's stock worth $11,026,000 after purchasing an additional 654,684 shares during the period. Boston Partners lifted its stake in Ero Copper by 66.9% in the fourth quarter. Boston Partners now owns 1,101,265 shares of the company's stock worth $14,850,000 after purchasing an additional 441,413 shares during the last quarter. 683 Capital Management LLC boosted its position in shares of Ero Copper by 20.4% during the fourth quarter. 683 Capital Management LLC now owns 2,468,367 shares of the company's stock valued at $33,272,000 after buying an additional 418,367 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Ero Copper during the fourth quarter valued at approximately $3,509,000. 71.30% of the stock is 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.