Ero Copper Q3 EPS Lowered by National Bank Financial

Ero Copper Corp. (TSE:ERO) – Investment analysts at National Bank Financial dropped their Q3 2024 earnings per share (EPS) estimates for Ero Copper in a research note issued to investors on Monday, October 14th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.22 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 recently issued reports on ERO. Eight Capital lifted their price objective on Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. CIBC raised Ero Copper from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$32.00 to C$36.00 in a report on Thursday, June 20th. TD Securities cut their price target on Ero Copper from C$31.00 to C$30.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Canaccord Genuity Group lifted their price target on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price target on Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. Five research 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$33.96.

Ero Copper Stock Down 2.9 %

Shares of TSE ERO opened at C$26.87 on Thursday. The stock has a market cap of C$2.77 billion, a PE ratio of -103.35, a PEG ratio of -0.72 and a beta of 1.98. The business has a fifty day moving average of C$27.86 and a two-hundred day moving average of C$28.31. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper (TSE:ERO) last issued its quarterly earnings data 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 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 return on equity of 3.08% and a negative net margin of 4.79%.

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.