FY2024 EPS Estimates for Ero Copper Corp. (TSE:ERO) Reduced by Raymond James

Ero Copper Corp. (TSE:ERO) – Equities research analysts at Raymond James decreased their FY2024 earnings per share estimates for Ero Copper in a research report issued to clients and investors on Tuesday, September 17th. Raymond James analyst F. Hamed now expects that the company will post earnings of $2.46 per share for the year, down from their prior estimate of $2.73. 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 $4.75 per share. Raymond James also issued estimates for Ero Copper’s Q4 2024 earnings at $1.65 EPS.

Several other equities research analysts also recently weighed in on the stock. National Bankshares raised their target price on shares of Ero Copper from C$32.50 to C$33.00 and gave the company a “sector perform” rating in a research note on Monday, July 15th. Jefferies Financial Group boosted their target price on Ero Copper from C$29.00 to C$32.00 in a research note on Friday, July 12th. Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 22nd. Scotiabank lowered their price target on Ero Copper from C$40.00 to C$36.00 in a report on Monday, August 19th. Finally, Canaccord Genuity Group upped their price objective on shares of Ero Copper from C$36.00 to C$39.00 in a report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$33.77.

Ero Copper Stock Down 2.1 %

TSE:ERO opened at C$28.48 on Thursday. The company’s 50-day simple moving average is C$27.23 and its 200-day simple moving average is C$27.71. 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 fifty-two week low of C$15.72 and a fifty-two week high of C$32.89. The stock has a market capitalization of C$2.94 billion, a P/E ratio of -109.54, a P/E/G ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.23 by C$0.02. The company had revenue of C$160.22 million for the quarter, compared to analyst estimates of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%.

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.