Analysts Set Expectations for Ero Copper Q4 Earnings

Ero Copper Corp. (TSE:ERO) – Equities researchers at National Bank Financial lowered their Q4 2024 earnings estimates for shares of Ero Copper in a report issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.30. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.12). Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. During the same period in the prior year, the firm posted $0.25 EPS.

Several other research analysts have also recently issued reports on ERO. Ventum Financial decreased their price target on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Monday, December 2nd. TD Securities dropped their price target on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Scotiabank decreased their price objective on shares of Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Eight Capital lowered their price objective on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$32.92.

Ero Copper Stock Down 2.9 %

ERO opened at C$18.85 on Thursday. The stock’s 50 day moving average price is C$20.03 and its 200 day moving average price is C$24.35. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The stock has a market cap of C$1.95 billion, a P/E ratio of -72.50, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 12 month low of C$18.38 and a 12 month high of C$32.89.

Insider Buying and Selling

In other news, Director Chantal Gosselin purchased 10,000 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were acquired at an average price of C$19.44 per share, for a total transaction of C$194,400.00. 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.