FY2024 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (TSE:ERO) – Stock analysts at Scotiabank issued their FY2024 earnings estimates for shares of Ero Copper in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw anticipates that the company will earn $1.58 per share for the year. Scotiabank has a “Outperform” rating and a $30.00 price target on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share. Scotiabank also issued estimates for Ero Copper’s FY2025 earnings at $3.98 EPS and FY2026 earnings at $5.44 EPS.

A number of other research analysts have also recently commented on ERO. Canaccord Genuity Group upped their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Jefferies Financial Group decreased their price target on shares of Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday. Ventum Financial dropped their price objective on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, National Bankshares dropped their price target on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Ero Copper currently has an average rating of “Moderate Buy” and an average target price of C$32.92.

Ero Copper Price Performance

Shares of ERO stock opened at C$20.78 on Friday. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. The stock has a 50 day moving average price of C$21.12 and a 200 day moving average price of C$25.60. Ero Copper has a 52-week low of C$18.38 and a 52-week high of C$32.89. The firm has a market capitalization of C$2.15 billion, a P/E ratio of -79.92, a P/E/G ratio of -0.72 and a beta of 1.98.

Insider Activity at Ero Copper

In related news, Director Chantal Gosselin acquired 10,000 shares of the stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is currently owned by corporate insiders.

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.