Q3 Earnings Forecast for Ero Copper Issued By Raymond James

Ero Copper Corp. (TSE:ERO) – Analysts at Raymond James cut their Q3 2024 earnings per share (EPS) estimates for Ero Copper in a note issued to investors on Wednesday, October 23rd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.50. Raymond James currently has a “Outperform” rating and a $36.00 target price 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.

A number of other analysts also recently weighed in on the stock. National Bankshares reduced their target price on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. BMO Capital Markets lifted their price target on Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Ventum Financial lowered their price objective on Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Ventum Cap Mkts raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Scotiabank increased their price target on Ero Copper from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$33.96.

Ero Copper Trading Down 0.4 %

Shares of ERO opened at C$26.93 on Friday. The stock has a market capitalization of C$2.78 billion, a PE ratio of -103.58, a P/E/G ratio of -0.72 and a beta of 1.98. The company’s fifty day moving average is C$28.02 and its 200 day moving average is C$28.31. 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 has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.89.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.02. The business had revenue of C$160.22 million for 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%.

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.