Q2 Earnings Forecast for Ero Copper Issued By Desjardins

Ero Copper Corp. (NYSE:ERO - Free Report) - Research analysts at Desjardins issued their Q2 2025 earnings estimates for shares of Ero Copper in a note issued to investors on Thursday, July 17th. Desjardins analyst B. Adams anticipates that the company will post earnings of $0.32 per share 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.

ERO has been the topic of a number of other reports. Raymond James Financial upgraded shares of Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. National Bank Financial lowered shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 9th. Stifel Nicolaus began coverage on shares of Ero Copper in a research note on Wednesday, July 9th. They set a "buy" rating on the stock. Wall Street Zen downgraded shares of Ero Copper from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Finally, National Bankshares downgraded shares of Ero Copper from an "outperform" rating to a "sector perform" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.

Ero Copper Stock Performance

NYSE ERO traded up $0.25 during trading on Friday, reaching $14.46. The company's stock had a trading volume of 1,214,686 shares, compared to its average volume of 453,506. 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 firm has a market cap of $1.50 billion, a price-to-earnings ratio of 85.03 and a beta of 1.18. Ero Copper has a twelve month low of $9.30 and a twelve month high of $23.40. The business's fifty day moving average price is $15.09 and its 200-day moving average price is $13.60.

Ero Copper (NYSE:ERO - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.17 by $0.18. The firm had revenue of $125.10 million for the quarter, compared to analyst estimates of $179.45 million. Ero Copper had a net margin of 3.87% and a return on equity of 14.24%.

Hedge Funds Weigh In On Ero Copper

Institutional investors have recently modified their holdings of the company. GMT Capital Corp increased its position in Ero Copper by 22.9% during the first quarter. GMT Capital Corp now owns 6,931,025 shares of the company's stock worth $83,938,000 after purchasing an additional 1,292,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ero Copper during the first quarter worth approximately $8,994,000. Invesco Ltd. increased its position in shares of Ero Copper by 22.6% in the fourth 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 in the last quarter. TD Asset Management Inc increased its position in shares of Ero Copper by 234.1% in the first quarter. TD Asset Management Inc now owns 935,090 shares of the company's stock worth $11,324,000 after acquiring an additional 655,232 shares in the last quarter. Finally, Bridgewater Associates LP increased its position in shares of Ero Copper by 400.2% in the fourth quarter. Bridgewater Associates LP now owns 818,269 shares of the company's stock worth $11,026,000 after acquiring an additional 654,684 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.