Ero Copper Corp. (NYSE:ERO) Given Average Rating of "Buy" by Brokerages

Market Beat
2025.03.22 06:20
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Ero Copper Corp. (NYSE:ERO) has received an average rating of "Buy" from ten brokerages, with eight analysts recommending a buy and two a strong buy. The average 12-month price target is $26.33. Recent institutional investments include new stakes from State of Wyoming and Synergy Asset Management. Ero Copper's stock opened at $13.37, with a market cap of $1.38 billion. The company reported $0.17 EPS for the last quarter, missing estimates, and had revenue of $122.50 million, below expectations.

Ero Copper Corp. (NYSE:ERO - Get Free Report) has been assigned an average rating of "Buy" from the ten ratings firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $26.33.

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A number of analysts have commented on the stock. TD Securities raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group started 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. Finally, TD Cowen raised shares of Ero Copper from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.

Read Our Latest Stock Report on ERO

Hedge Funds Weigh In On Ero Copper

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in Ero Copper during the fourth quarter valued at $76,000. Synergy Asset Management LLC purchased a new stake in shares of Ero Copper during the 4th quarter worth about $78,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Ero Copper by 19.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,550 shares of the company's stock valued at $88,000 after buying an additional 1,050 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Ero Copper during the 4th quarter valued at about $125,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Ero Copper by 128.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 10,672 shares of the company's stock valued at $143,000 after buying an additional 6,000 shares in the last quarter. 71.30% of the stock is currently owned by hedge funds and other institutional investors.

Ero Copper Price Performance

NYSE ERO opened at $13.37 on Friday. Ero Copper has a 1 year low of $11.11 and a 1 year high of $24.34. The business's fifty day moving average is $13.30 and its two-hundred day moving average is $15.99. The stock has a market capitalization of $1.38 billion, a P/E ratio of 78.66 and a beta of 1.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.45 and a current ratio of 0.68.

Ero Copper (NYSE:ERO - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). Ero Copper had a return on equity of 11.30% and a net margin of 3.67%. The company had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million. On average, research analysts forecast that Ero Copper will post 0.71 earnings per share for the current fiscal year.

Ero Copper Company Profile

(Get Free Report

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.

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