Ero Copper Corp (NYSE: ERO) is -32.53% lower on its value in year-to-date trading and has touched a low of $9.30 and a high of $23.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ERO stock was last observed hovering at around $14.76 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $15.1, the stock is -5.25% and 1.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 2.30% at the moment leaves the stock 1.22% off its SMA200. ERO registered 12.02% gain for a year compared to 6-month gain of 7.02%. The firm has a 50-day simple moving average (SMA 50) of $14.8104 and a 200-day simple moving average (SMA200) of $14.91785.
The stock witnessed a -3.58% loss in the last 1 month and extending the period to 3 months gives it a 41.39%, and is -11.02% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.14% over the week and 4.52% over the month.
Ero Copper Corp (ERO) has around 3690 employees, a market worth around $1.56B and $489.55M in sales. Current P/E ratio is 85.84 and Fwd P/E is 5.30. Profit margin for the company is 3.86%. Distance from 52-week low is 62.37% and -35.47% from its 52-week high. The company has generated returns on investments over the last 12 months (1.44%).
The EPS is expected to grow by 178.24% this year.
Ero Copper Corp (ERO) Top Institutional Holders
201.0 institutions hold shares in Ero Copper Corp (ERO), with institutional investors hold 78.22% of the company’s shares. The shares outstanding are 103.57M, and float is at 94.48M with Short Float at 4.27%. Institutions hold 71.39% of the Float.
The top institutional shareholder in the company is FMR LLC with over 11.66 million shares valued at $249.29 million. The investor’s holdings represent 11.3147% of the ERO Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 9.32 million shares valued at $199.26 million to account for 9.0411 of the shares outstanding. The other top investors are GMT CAPITAL CORP which holds 7.22 million shares representing 7.0032% and valued at over $211.08 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 5.5478 of the shares totaling 5.72 million with a market value of $122.27 million.
