Ero Copper Corp. (TSE:ERO – Free Report) – Equities research analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for Ero Copper in a note issued to investors on Tuesday, September 17th. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $2.46 per share for the year, down from their previous forecast of $2.73. Raymond James currently has a “Outperform” rating and a $36.00 price target on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.75 per share. Raymond James also issued estimates for Ero Copper’s Q4 2024 earnings at $1.65 EPS.
Ero Copper (TSE:ERO – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.02. The business had revenue of C$160.22 million during the quarter, compared to the consensus estimate of C$154.50 million. Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%.
Read Our Latest Report on Ero Copper
Ero Copper Stock Up 0.3 %
Shares of ERO stock opened at C$27.96 on Thursday. Ero Copper has a 12 month low of C$15.72 and a 12 month high of C$32.89. The stock has a market cap of C$2.89 billion, a P/E ratio of -107.54, a P/E/G ratio of -0.72 and a beta of 1.98. 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 50 day simple moving average of C$27.31 and a two-hundred day simple moving average of C$27.63.
Insiders Place Their Bets
In other news, Director Lyle Braaten sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of C$28.11, for a total transaction of C$281,053.00. Corporate insiders own 10.37% of the company’s stock.
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.
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