FY2024 Earnings Estimate for Ero Copper Issued By Scotiabank

Ero Copper Corp. (TSE:ERO - Free Report) - Scotiabank issued their FY2024 earnings per share estimates for Ero Copper in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw forecasts that the company will post earnings of $1.58 per share for the year. Scotiabank has a "Outperform" rating and a $30.00 price objective on the stock. The consensus estimate for Ero Copper's current full-year earnings is $4.74 per share. Scotiabank also issued estimates for Ero Copper's FY2025 earnings at $3.98 EPS and FY2026 earnings at $5.44 EPS.

Several other equities analysts also recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday. Eight Capital lowered their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. National Bankshares cut their price target on Ero Copper from C$33.00 to C$31.50 and set a "sector perform" rating for the company in a research note on Tuesday, October 15th. Canaccord Genuity Group boosted their price objective on Ero Copper from C$39.00 to C$40.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, Ventum Financial dropped their price objective on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$32.92.

Ero Copper Stock Performance

Shares of TSE:ERO traded down C$0.04 during mid-day trading on Friday, reaching C$20.78. 561,232 shares of the company traded hands, compared to its average volume of 340,550. The company's 50 day moving average price is C$21.12 and its 200-day moving average price is C$25.60. The firm has a market cap of C$2.15 billion, a PE ratio of -79.92, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a 52 week low of C$18.38 and a 52 week high of C$32.89. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43.

Insider Activity at Ero Copper

In other Ero Copper news, Director Chantal Gosselin sold 10,000 shares of Ero Copper stock in a transaction on Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total value of C$211,700.00. 10.37% of the stock is currently 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.