Analysts Offer Predictions for Ero Copper Q3 Earnings

Ero Copper Corp. (TSE:ERO - Free Report) - National Bank Financial lowered their Q3 2024 EPS estimates for shares of Ero Copper in a research note issued on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.22 per share for the quarter, down from their prior estimate of $0.58. 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 FY2024 earnings at $0.90 EPS and FY2025 earnings at $4.53 EPS.

A number of other research analysts have also issued reports on ERO. Ventum Cap Mkts upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 22nd. National Bankshares dropped their price objective on shares of Ero Copper from C$33.00 to C$31.50 and set a "sector perform" rating for the company in a research report on Tuesday. CIBC upgraded Ero Copper from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from C$32.00 to C$36.00 in a research note on Thursday, June 20th. Raymond James raised shares of Ero Copper from a "market perform" rating to an "outperform" rating and upped their price objective for the company from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd. Finally, Ventum Financial reduced their target price on shares of Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$33.96.

Ero Copper Stock Down 2.9 %

TSE:ERO traded down C$0.79 during midday trading on Thursday, hitting C$26.87. 238,709 shares of the company were exchanged, compared to its average volume of 296,872. The company has a fifty day simple moving average of C$27.86 and a 200 day simple moving average of C$28.31. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.89. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The company has a market capitalization of C$2.77 billion, a PE ratio of -103.35, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.23 by C$0.02. The company had revenue of C$160.22 million during the quarter, compared to analysts' expectations of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%.

About Ero Copper

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.