Analysts Issue Forecasts for Ero Copper FY2024 Earnings

Ero Copper Corp. (TSE:ERO - Free Report) - National Bank Financial cut their FY2024 earnings estimates for shares of Ero Copper in a research note issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.92 per share for the year, down from their previous forecast of $0.94. The consensus estimate for Ero Copper's current full-year earnings is $4.74 per share. National Bank Financial also issued estimates for Ero Copper's FY2025 earnings at $3.70 EPS.

A number of other brokerages have also issued reports on ERO. Eight Capital lowered their price target on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Jefferies Financial Group decreased their price objective on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. National Bankshares dropped their target price on shares of Ero Copper from C$33.00 to C$31.50 and set a "sector perform" rating for the company in a report on Tuesday, October 15th. Scotiabank decreased their price target on shares of Ero Copper from C$34.00 to C$30.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group upgraded shares of Ero Copper to a "strong-buy" rating in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$32.92.

Ero Copper Price Performance

TSE ERO traded up C$0.85 on Friday, hitting C$19.93. The company had a trading volume of 382,412 shares, compared to its average volume of 311,139. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The company's fifty day moving average price is C$19.94 and its 200-day moving average price is C$24.19. The company has a market capitalization of C$2.06 billion, a PE ratio of -76.65, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a 12-month low of C$18.38 and a 12-month high of C$32.89.

Insider Activity at Ero Copper

In other news, Director Chantal Gosselin bought 10,000 shares of the business's stock in a transaction on Friday, December 27th. The shares were bought at an average price of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is owned by insiders.

Ero Copper Company Profile

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.