Analysts Issue Forecasts for Ero Copper FY2024 Earnings

Ero Copper Corp. (TSE:ERO - Free Report) - National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for Ero Copper in a note issued to investors on Tuesday, February 11th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.75 per share for the year, down from their prior forecast of $0.92. 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 FY2027 earnings at $4.00 EPS.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group dropped their price objective on shares of Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. TD Securities upgraded shares of Ero Copper from a "hold" rating to a "buy" rating and lowered their price target for the stock from C$26.00 to C$23.00 in a report on Wednesday, February 12th. National Bankshares cut their price objective on Ero Copper from C$27.00 to C$23.50 and set a "sector perform" rating on the stock in a report on Wednesday, February 12th. Raymond James reduced their price objective on Ero Copper from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group dropped their target price on Ero Copper from C$29.00 to C$25.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$30.38.

Ero Copper Price Performance

Shares of ERO stock traded up C$0.42 on Thursday, reaching C$20.50. The company had a trading volume of 409,546 shares, compared to its average volume of 366,800. The stock has a market capitalization of C$1.44 billion, a PE ratio of 89.68, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The business's 50-day moving average is C$19.79 and its 200 day moving average is C$23.92. Ero Copper has a one year low of C$18.16 and a one year high of C$32.89.

Insider Activity at Ero Copper

In related news, Director Chantal Gosselin sold 10,000 shares of the business's 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 company 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.