Brokers Offer Predictions for Ero Copper Q4 Earnings

Ero Copper Corp. (TSE:ERO - Free Report) - Equities researchers at Ventum Cap Mkts issued their Q4 2024 earnings per share (EPS) estimates for shares of Ero Copper in a research note issued to investors on Wednesday, February 19th. Ventum Cap Mkts analyst C. Mackay forecasts that the company will post earnings of $0.34 per share for the quarter. The consensus estimate for Ero Copper's current full-year earnings is $4.74 per share. Ventum Cap Mkts also issued estimates for Ero Copper's FY2025 earnings at $1.87 EPS.

ERO has been the subject of several other reports. TD Securities upgraded Ero Copper from a "hold" rating to a "buy" rating and lowered their price objective for the stock from C$26.00 to C$23.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group raised Ero Copper to a "strong-buy" rating in a research report on Monday, December 2nd. Eight Capital decreased their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. National Bankshares dropped their price target on shares of Ero Copper from C$27.00 to C$23.50 and set a "sector perform" rating for the company in a research report on Wednesday, February 12th. Finally, Raymond James decreased their price objective on shares of Ero Copper from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$30.38.

Ero Copper Trading Down 0.9 %

Shares of Ero Copper stock traded down C$0.17 during mid-day trading on Friday, hitting C$18.27. The stock had a trading volume of 295,811 shares, compared to its average volume of 363,177. The firm has a market cap of C$1.28 billion, a P/E ratio of 79.92, 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 firm has a 50-day moving average of C$19.69 and a two-hundred day moving average of C$23.65. Ero Copper has a 12-month low of C$18.00 and a 12-month high of C$32.89.

Insider Buying and Selling

In other news, Director Chantal Gosselin sold 10,000 shares of Ero Copper stock in a transaction dated Thursday, November 28th. The stock was 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.

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.