Ventum Cap Mkts Predicts Ero Copper’s Q4 Earnings (NYSE:ERO)

Ero Copper Corp. (NYSE:ERO) – Stock analysts at Ventum Cap Mkts issued their Q4 2024 EPS estimates for Ero Copper in a research report issued on Wednesday, February 19th. Ventum Cap Mkts analyst C. Mackay forecasts that the company will post earnings per share of $0.24 for the quarter. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share.

ERO has been the subject of several other research reports. TD Cowen upgraded Ero Copper from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on shares of Ero Copper in a report on Monday, December 2nd. They set a “buy” rating and a $19.00 price target on the stock. StockNews.com upgraded Ero Copper from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $26.33.

Ero Copper Price Performance

Shares of NYSE:ERO opened at $13.59 on Friday. The stock’s 50 day moving average price is $13.74 and its 200 day moving average price is $17.06. 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 stock has a market cap of $1.41 billion, a price-to-earnings ratio of 79.91 and a beta of 1.14. Ero Copper has a 12 month low of $12.70 and a 12 month high of $24.34.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp grew its holdings in Ero Copper by 4.2% during the fourth quarter. Mackenzie Financial Corp now owns 47,380 shares of the company’s stock valued at $638,000 after purchasing an additional 1,896 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Ero Copper by 8.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 31,915 shares of the company’s stock valued at $430,000 after purchasing an additional 2,550 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in Ero Copper by 9.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 592,821 shares of the company’s stock valued at $7,991,000 after purchasing an additional 50,400 shares during the period. State of Wyoming acquired a new position in shares of Ero Copper during the fourth quarter worth approximately $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ero Copper by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,527,158 shares of the company’s stock worth $47,529,000 after acquiring an additional 176,637 shares during the last quarter. 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.