Ero Copper Corp. (NYSE:ERO – Free Report) has had its Q3 2024 earnings per share (EPS) forecast cut by National Bank Financial from $0.43 to $0.16. The company’s full-year EPS estimate is $1.51. The analyst also expects $0.66 EPS for FY2024 and $3.33 EPS for FY2025.
In its last earnings report on August 1, Ero Copper announced an EPS of $0.18, surpassing the $0.17 estimate. They reported revenues of $117.10 million but saw a decline from $0.24 EPS compared to the previous year.
Recent ratings on Ero Copper include upgrades from Ventum Cap Mkts and BMO Capital Markets, moving from “hold” to “strong-buy” and “market perform” to “outperform,” respectively. Conversely, StockNews.com downgraded their rating from “hold” to “sell.” Currently, the consensus rating is a “Moderate Buy” with a price target of $30.00.
Ero Copper Price Performance
The stock opened at $19.45, with a 12-month range of $11.35 to $24.34. Key financial ratios include a current ratio of 0.82, a quick ratio of 0.60, and a debt-to-equity ratio of 0.59.
Institutional Investors’ Activity
Boston Partners increased its stake in Ero Copper by 226.9%, now holding 726,068 shares. Other firms, such as Jennison Associates LLC, also raised their stakes significantly during the last quarter, indicating strong institutional interest as they own 71.30% of the company.
About Ero Copper
(Get Free Report) Ero Copper operates mining projects in Brazil, focusing on copper concentrate and by-products like gold and silver.
See Also
- Five stocks we like better than Ero Copper
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- How to Find Undervalued Stocks
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- What to Know About Investing in Penny Stocks
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for Ero Copper Daily – Enter your email below for a daily summary of news and ratings for Ero Copper and related companies with MarketBeat.com’s FREE daily email newsletter.
`
