Analysts Issue Forecasts 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 anticipates that the company will post earnings per share of $0.25 for the quarter, down from their previous estimate 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 (EPS) 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 last year, the company posted $0.25 EPS.

A number of other research firms have also commented on ERO. Ventum Financial lowered their price target on Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. National Bankshares dropped their price target on shares of 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. Scotiabank reduced 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 research report on Wednesday, December 11th. Jefferies Financial Group decreased their price objective on shares of Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Finally, Eight Capital cut their target price on 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$32.92.

Ero Copper Stock Down 1.9 %

ERO stock opened at C$19.42 on Thursday. The firm has a market capitalization of C$2.00 billion, a PE ratio of -74.69, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. Ero Copper has a twelve month low of C$18.38 and a twelve month high of C$32.89. The stock’s 50 day moving average is C$20.03 and its 200-day moving average is C$24.35.

Insider Buying and Selling

In related news, Director Chantal Gosselin purchased 10,000 shares of Ero Copper stock in a transaction dated Friday, December 27th. The stock was bought 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 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.