Q3 Earnings Estimate for Ero Copper Issued By Raymond James

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

Several other analysts have also recently commented on the company. Eight Capital raised their target price on Ero Copper from C$30.00 to C$40.00 in a research report on Thursday, July 11th. BMO Capital Markets upped their target price on Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. Ventum Financial reduced their price target on shares of Ero Copper from C$33.00 to C$32.50 in a research report on Thursday, August 22nd. Scotiabank boosted their price objective on shares of Ero Copper from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, National Bankshares decreased their target price on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$33.96.

Ero Copper Stock Up 0.3 %

Shares of TSE:ERO opened at C$27.03 on Friday. The firm has a 50 day simple moving average of C$28.01 and a 200 day simple moving average of C$28.32. 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 52 week low of C$15.72 and a 52 week high of C$32.89. The company has a market cap of C$2.79 billion, a PE ratio of -103.96, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO) last announced its earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.23 by C$0.02. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. The company had revenue of C$160.22 million during the quarter, compared to analysts’ expectations of C$154.50 million.

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.