Ero Copper Corp Stock Analysis
| ERO Stock | CAD 19.04 0.32 1.71% |
Ero Copper Corp is overvalued with Real Value of 15.99 and Hype Value of 18.46. The main objective of Ero Copper stock analysis is to determine its intrinsic value, which is an estimate of what Ero Copper Corp is worth, separate from its market price. There are two main types of Ero Copper's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Ero Copper's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Ero Copper's stock to identify patterns and trends that may indicate its future price movements.
The Ero Copper stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Ero Copper is usually not traded on Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. Ero Stock trading window is adjusted to America/Toronto timezone.
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Ero Stock Analysis Notes
About 77.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.93. Some equities with similar Price to Book (P/B) outperform the market in the long run. Ero Copper Corp had not issued any dividends in recent years. Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada. ERO COPPER operates under Copper classification in Canada and is traded on Toronto Stock Exchange. It employs 2138 people. To learn more about Ero Copper Corp call David Strang at 604 449 9244 or check out https://erocopper.com.Ero Copper Corp Investment Alerts
| Ero Copper Corp generated a negative expected return over the last 90 days | |
| Ero Copper Corp has accumulated 445.84 M in total debt with debt to equity ratio (D/E) of 1.94, which is about average as compared to similar companies. Ero Copper Corp has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ero Copper until it has trouble settling it off, either with new capital or with free cash flow. So, Ero Copper's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ero Copper Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ero to invest in growth at high rates of return. When we think about Ero Copper's use of debt, we should always consider it together with cash and equity. | |
| Over 77.0% of Ero Copper shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Ero Copper Hits New 1-Year Low - Heres Why - MarketBeat |
Ero Largest EPS Surprises
Earnings surprises can significantly impact Ero Copper's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-11-08 | 2018-09-30 | 0.02 | 0.03 | 0.01 | 50 | ||
2024-08-01 | 2024-06-30 | 0.16 | 0.18 | 0.02 | 12 | ||
2023-11-02 | 2023-09-30 | 0.2 | 0.18 | -0.02 | 10 |
Ero Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.97 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ero Copper's market, we take the total number of its shares issued and multiply it by Ero Copper's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Ero Profitablity
Ero Copper's profitability indicators refer to fundamental financial ratios that showcase Ero Copper's ability to generate income relative to its revenue or operating costs. If, let's say, Ero Copper is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Ero Copper's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Ero Copper's profitability requires more research than a typical breakdown of Ero Copper's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.04 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.28 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.28. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.06 | 0.08 | |
| Return On Capital Employed | 0.07 | 0.14 | |
| Return On Assets | 0.06 | 0.08 | |
| Return On Equity | 0.12 | 0.15 |
Management Efficiency
Ero Copper Corp has return on total asset (ROA) of 0.0401 % which means that it generated a profit of $0.0401 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0269 %, meaning that it generated $0.0269 on every $100 dollars invested by stockholders. Ero Copper's management efficiency ratios could be used to measure how well Ero Copper manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of December 2024, Return On Tangible Assets is likely to grow to 0.08. Also, Return On Capital Employed is likely to grow to 0.14. At this time, Ero Copper's Debt To Assets are very stable compared to the past year. As of the 22nd of December 2024, Return On Assets is likely to grow to 0.08, while Other Current Assets are likely to drop about 28.2 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 8.55 | 8.97 | |
| Tangible Book Value Per Share | 8.55 | 8.97 | |
| Enterprise Value Over EBITDA | 8.79 | 9.23 | |
| Price Book Value Ratio | 1.86 | 1.77 | |
| Enterprise Value Multiple | 8.79 | 9.23 | |
| Price Fair Value | 1.86 | 1.77 | |
| Enterprise Value | 1.8 B | 949.5 M |
Leadership effectiveness at Ero Copper Corp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Operating Margin 0.2819 | Profit Margin 0.0367 | Beta 1.96 | Return On Assets 0.0401 | Return On Equity 0.0269 |
Technical Drivers
As of the 22nd of December, Ero Copper shows the Standard Deviation of 2.57, mean deviation of 1.99, and Variance of 6.58. Ero Copper Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.Ero Copper Corp Price Movement Analysis
The output start index for this execution was nineteen with a total number of output elements of fourty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Ero Copper middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Ero Copper Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Ero Copper Outstanding Bonds
Ero Copper issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Ero Copper Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Ero bonds can be classified according to their maturity, which is the date when Ero Copper Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Ero Copper Predictive Daily Indicators
Ero Copper intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ero Copper stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Ero Copper Forecast Models
Ero Copper's time-series forecasting models are one of many Ero Copper's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Ero Copper's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Ero Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Ero Copper prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Ero shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Ero Copper. By using and applying Ero Stock analysis, traders can create a robust methodology for identifying Ero entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | 0.26 | 0.18 | |
| Operating Profit Margin | 0.22 | 0.22 | |
| Net Profit Margin | 0.22 | 0.18 | |
| Gross Profit Margin | 0.37 | 0.34 |
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Ero Copper to your portfolios without increasing risk or reducing expected return.Did you try this?
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