Raymond James Has Pessimistic View of Ero Copper Q1 Earnings

Ero Copper Corp. (NYSE:ERO) – Research analysts at Raymond James lowered their Q1 2025 earnings per share estimates for shares of Ero Copper in a research report issued to clients and investors on Tuesday, April 15th. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.19. Raymond James has a “Outperform” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $0.71 per share. Raymond James also issued estimates for Ero Copper’s Q2 2025 earnings at $0.67 EPS and Q4 2025 earnings at $0.81 EPS.

Ero Copper (NYSE:ERO) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). The firm had revenue of $122.50 million during the quarter, compared to analyst estimates of $183.26 million. Ero Copper had a net margin of 3.67% and a return on equity of 11.30%.

Other equities analysts also recently issued reports about the company. BMO Capital Markets started coverage on Ero Copper in a research note on Wednesday. They set an “outperform” rating for the company. TD Cowen upgraded shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. TD Securities upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, Desjardins started coverage on shares of Ero Copper in a report on Friday, April 4th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $26.33.

Ero Copper Trading Down 0.0 %

Shares of Ero Copper stock opened at $10.93 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 64.26 and a beta of 1.10. Ero Copper has a 52-week low of $9.30 and a 52-week high of $24.34. The company’s 50-day simple moving average is $12.24 and its 200-day simple moving average is $14.55.

Institutional Trading of Ero Copper

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Ero Copper in the 4th quarter valued at approximately $991,000. Jennison Associates LLC boosted its stake in shares of Ero Copper by 3.5% during the fourth quarter. Jennison Associates LLC now owns 5,909,627 shares of the company’s stock valued at $79,645,000 after acquiring an additional 198,800 shares during the last quarter. Canoe Financial LP acquired a new position in Ero Copper in the 4th quarter valued at about $456,000. Montrusco Bolton Investments Inc. lifted its holdings in Ero Copper by 3.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 775,356 shares of the company’s stock valued at $10,448,000 after purchasing an additional 28,999 shares in the last quarter. Finally, Sprott Inc. boosted its stake in shares of Ero Copper by 42.2% during the 4th quarter. Sprott Inc. now owns 455,289 shares of the company’s stock worth $6,137,000 after purchasing an additional 135,049 shares during the last quarter. Hedge funds and other institutional investors 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.