FY2024 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (NYSE:ERO) – Analysts at Scotiabank issued their FY2024 earnings estimates for shares of Ero Copper in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw expects that the company will post earnings of $0.95 per share for the year. The consensus estimate for Ero Copper’s current full-year earnings is $0.98 per share. Scotiabank also issued estimates for Ero Copper’s FY2025 earnings at $2.92 EPS and FY2026 earnings at $3.79 EPS.

A number of other equities research analysts have also weighed in on ERO. The Goldman Sachs Group initiated coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 target price on the stock. StockNews.com raised shares of Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $26.33.

Ero Copper Trading Up 0.4 %

ERO opened at $14.40 on Friday. Ero Copper has a fifty-two week low of $12.78 and a fifty-two week high of $24.34. 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 firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 84.71 and a beta of 1.15. The company’s 50 day moving average price is $14.84 and its two-hundred day moving average price is $18.46.

Institutional Investors Weigh In On Ero Copper

Institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new stake in shares of Ero Copper in the 3rd quarter valued at $38,000. Toronto Dominion Bank lifted its position in shares of Ero Copper by 38.7% during the 2nd quarter. Toronto Dominion Bank now owns 2,539 shares of the company’s stock valued at $54,000 after acquiring an additional 709 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Ero Copper during the 3rd quarter valued at $457,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Ero Copper by 6.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,408 shares of the company’s stock valued at $522,000 after acquiring an additional 1,475 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Ero Copper by 23.9% during the 3rd quarter. Janus Henderson Group PLC now owns 27,408 shares of the company’s stock valued at $600,000 after acquiring an additional 5,286 shares during the period. 71.30% of the stock is owned by institutional investors.

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.