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Ero Copper Corp. (ERO) Stock Forecast & Price Prediction

Live ERO Stock Price & Analysis

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$13.39

+0.20 (1.52%)

12 Month Price Forecast For ERO

$13.39
Current Price
$1.40B
Market Cap
11 Ratings
Buy 9
Hold 2
Sell 0
Wall St Analyst Ratings

Distance to ERO Price Forecasts

+41.9%
To High Target of $19.00
+41.9%
To Median Target of $19.00
+41.9%
To Low Target of $19.00

ERO Price Momentum

-0.1%
1 Week Change
-6.6%
1 Month Change
-14.2%
1 Year Change
-0.7%
Year-to-Date Change
-45.0%
From 52W High of $24.34
+4.8%
From 52W Low of $12.78

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 8, 2025 3:10 AM UTC

ERO Analyst Ratings & Price Targets

Based on our analysis of 3 Wall Street analysts, ERO has a consensus that is bullish. The median price target is $19.00, with forecasts ranging from $19.00 to $19.00. Currently, there are 9 Buy ratings, 2 Hold ratings, and 0 Sell ratings.

With ERO currently trading at $13.39, the median price forecast suggests a 41.9% upside. The most optimistic forecast comes from Marcio Farid at Goldman Sachs, projecting a 41.9% upside, while Marcio Farid at Goldman Sachs provides the most conservative target, suggesting a 41.9% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

ERO Analyst Consensus

9
Buy
2
Hold
0
Sell

ERO Price Target Range

Low
$19.00
Average
$19.00
High
$19.00
Current: $13.39

Latest ERO Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for ERO.

Date Firm Analyst Rating Change Price Target
Dec 2, 2024 Goldman Sachs Marcio Farid Buy Initiates $19.00
Jul 12, 2024 Jefferies Hold Maintains $32.00
Jun 30, 2023 BMO Capital Jackie Przybylowski Market Perform Downgrade $24.00

Stocks Similar to Ero Copper Corp.

The following stocks are similar to Ero Copper based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Ero Copper Corp. (ERO) Financial Data

Ero Copper Corp. has a market capitalization of $1.40B with a P/E ratio of 71.5x. The company generates $464.13M in trailing twelve-month revenue with a 3.7% profit margin.

Revenue growth is +18.7% quarter-over-quarter, while maintaining an operating margin of +28.2% and return on equity of +2.7%.

Valuation Metrics

Market Cap $1.40B
Enterprise Value $1.95B
P/E Ratio 71.5x
PEG Ratio 150.9x
Price/Sales 3.0x

Growth & Margins

Revenue Growth (YoY) +18.7%
Gross Margin +43.0%
Operating Margin +28.2%
Net Margin +3.7%
EPS Growth +1,518.1%

Financial Health

Cash/Price Ratio +1.5%
Current Ratio 0.7x
Debt/Equity 78.0x
ROE +2.7%
ROA +4.0%

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Ero Copper Corp. (ERO) Company Overview

About Ero Copper Corp.

What They Do

Engages in copper mining and production.

Business Model

The company generates revenue by producing and selling copper concentrate from its mining operations in Brazil, specifically from the Caraรญba operations. Additionally, it capitalizes on the extraction of gold and silver as by-products, further enhancing its profitability.

Additional Information

Ero Copper Corp. also holds interests in other significant mining projects, including the Tucumรฃ project and the Xavantina Operations. Established in 2016 and headquartered in Vancouver, Canada, the company is positioned within a rich mining region, which may provide growth opportunities in the future.

Company Information

Sector

Basic Materials

Industry

Copper

Employees

3,374

CEO

Mr. Makko DeFilippo

Country

Canada

IPO Year

2021

Ero Copper Corp. (ERO) Latest News & Analysis

ERO stock latest news image
Quick Summary

Ero Copper Corp. (TSX: ERO, NYSE: ERO) will release its Q4 and full year 2024 results on March 6, 2025, after market close, followed by a conference call on March 7 at 11:30am ET.

Why It Matters

Upcoming financial results from Ero Copper Corp. may impact stock performance, influencing investor sentiment and expectations regarding the company's growth and profitability.

Source: GlobeNewsWire
Market Sentiment: Neutral
ERO stock latest news image
Quick Summary

Ero Copper Corp. (ERO) closed at $13.58, down 1.88% from the previous trading day.

Why It Matters

Ero Copper's decline indicates potential weakness in its stock performance, which may influence investor sentiment and future trading strategies.

Source: Zacks Investment Research
Market Sentiment: Neutral
ERO stock latest news image
Quick Summary

ERO Copper shows a 54% upside potential, driven by rising copper and gold prices. Production is expected to double by 2025, aided by the new Tucumรฃ mine alongside existing operations.

Why It Matters

ERO Copper's undervaluation and significant upside potential, coupled with rising commodity prices and increased production from new mines, suggest strong revenue growth ahead.

Source: Seeking Alpha
Market Sentiment: Positive
ERO stock latest news image
Quick Summary

Ero Copper Corp. (ERO) closed at $13.68, reflecting a 1.86% increase from the previous trading day.

Why It Matters

Ero Copper's price increase signals positive market sentiment, potentially attracting more investors and indicating strong performance or favorable developments in the company.

Source: Zacks Investment Research
Market Sentiment: Positive
ERO stock latest news image
Quick Summary

DEC, ERO, and EVH have been assigned a Zacks Rank #5 (Strong Sell) as of January 30, 2024.

Why It Matters

Zacks Rank #5 indicates a strong sell signal for DEC, ERO, and EVH, suggesting potential declines in stock performance, prompting investors to reconsider holdings in these companies.

Source: Zacks Investment Research
Market Sentiment: Negative
ERO stock latest news image
Quick Summary

Ero Copper Corp. has filed the Technical Report for the Furnas Copper-Gold Project, detailing an initial NI 43-101 compliant mineral resource estimate announced on October 2, 2024.

Why It Matters

Ero Copper's filing of the NI 43-101 compliant mineral resource estimate for the Furnas Project could enhance its valuation and attract investment, signaling growth potential in its copper-gold resources.

Source: GlobeNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About ERO Stock

What is Ero Copper Corp.'s (ERO) stock forecast for 2025?

Based on our analysis of 3 Wall Street analysts, Ero Copper Corp. (ERO) has a median price target of $19.00. The highest price target is $19.00 and the lowest is $19.00.

Is ERO stock a good investment in 2025?

According to current analyst ratings, ERO has 9 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $13.39. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for ERO stock?

Wall Street analysts predict ERO stock could reach $19.00 in the next 12 months. This represents a 41.9% increase from the current price of $13.39. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Ero Copper Corp.'s business model?

The company generates revenue by producing and selling copper concentrate from its mining operations in Brazil, specifically from the Caraรญba operations. Additionally, it capitalizes on the extraction of gold and silver as by-products, further enhancing its profitability.

What is the highest forecasted price for ERO Ero Copper Corp.?

The highest price target for ERO is $19.00 from Marcio Farid at Goldman Sachs, which represents a 41.9% increase from the current price of $13.39.

What is the lowest forecasted price for ERO Ero Copper Corp.?

The lowest price target for ERO is $19.00 from Marcio Farid at Goldman Sachs, which represents a 41.9% increase from the current price of $13.39.

What is the overall ERO consensus from analysts for Ero Copper Corp.?

The overall analyst consensus for ERO is bullish. Out of 3 Wall Street analysts, 9 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $19.00.

How accurate are ERO stock price projections?

Stock price projections, including those for Ero Copper Corp., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.