Q3 Earnings Estimate for Ero Copper Issued By Raymond James

Ero Copper Corp. (TSE:ERO - Free Report) - Equities research analysts at Raymond James lowered their Q3 2024 earnings estimates for Ero Copper in a research report issued to clients and investors on Wednesday, October 23rd. Raymond James analyst F. Hamed now expects that the company will earn $0.39 per share for the quarter, down from their prior forecast of $0.50. Raymond James has a "Outperform" rating and a $36.00 price objective on the stock. The consensus estimate for Ero Copper's current full-year earnings is $4.74 per share. Raymond James also issued estimates for Ero Copper's Q2 2025 earnings at $1.34 EPS.

Several other research firms have also recently weighed in on ERO. BMO Capital Markets increased their target price on shares of Ero Copper from C$41.00 to C$43.00 in a research note on Tuesday, July 23rd. Jefferies Financial Group reduced their target price on shares of Ero Copper from C$35.00 to C$34.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. Eight Capital raised their price target on shares of Ero Copper from C$30.00 to C$40.00 in a research note on Thursday, July 11th. Ventum Financial cut their price target on shares of Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Finally, National Bankshares cut their price target 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 note on Tuesday, October 15th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Ero Copper has a consensus rating of "Moderate Buy" and a consensus target price of C$33.96.

Ero Copper Stock Performance

Shares of TSE ERO traded down C$0.10 during mid-day trading on Friday, hitting C$26.93. The company had a trading volume of 143,557 shares, compared to its average volume of 293,691. 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 business's 50-day simple moving average is C$28.02 and its 200-day simple moving average is C$28.31. Ero Copper has a 12 month low of C$15.72 and a 12 month high of C$32.89. The firm has a market cap of C$2.78 billion, a P/E ratio of -103.58, a PEG ratio of -0.72 and a beta of 1.98.

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

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.