Analysts Offer Predictions for Ero Copper Q4 Earnings

Ero Copper Corp. (TSE:ERO) – Equities research analysts at National Bank Financial dropped their Q4 2024 earnings estimates for Ero Copper in a research report issued on Tuesday, February 11th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.25. 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 FY2025 earnings at $2.80 EPS and FY2026 earnings at $3.39 EPS.

Several other analysts have also weighed in on the stock. Raymond James lowered their target price on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Wednesday. Eight Capital lowered their price target on shares of Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. Ventum Financial lowered their price target on shares of Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Scotiabank lowered their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, National Bankshares lowered 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. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$30.38.

Ero Copper Stock Up 2.1 %

ERO stock opened at C$20.50 on Friday. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a 1-year low of C$18.16 and a 1-year high of C$32.89. The firm has a fifty day moving average price of C$19.79 and a two-hundred day moving average price of C$24.00. The firm has a market cap of C$1.44 billion, a price-to-earnings ratio of 89.68, a PEG ratio of -0.72 and a beta of 1.98.

Insider Activity at Ero Copper

In other Ero Copper news, Director Chantal Gosselin acquired 10,000 shares of Ero Copper stock in a transaction dated Friday, December 27th. The stock was bought at an average price of C$19.44 per share, for a total transaction of C$194,400.00. 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.