National Bank Financial Brokers Decrease Earnings Estimates for Ero Copper Corp (TSE:ERO)

Ero Copper Corp (TSE:ERO) – Investment analysts at National Bank Financial dropped their Q3 2019 earnings per share (EPS) estimates for shares of Ero Copper in a report issued on Sunday, October 20th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.20 per share for the quarter, down from their previous forecast of $0.21. National Bank Financial currently has a “Sector Perform” rating and a $18.00 target price on the stock.

Ero Copper (TSE:ERO) last announced its earnings results on Thursday, August 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.04). The business had revenue of C$102.30 million for the quarter, compared to the consensus estimate of C$110.88 million.

A number of other equities analysts have also weighed in on ERO. Raymond James reissued an “outperform” rating and issued a C$20.00 price objective on shares of Ero Copper in a research report on Friday, October 11th. BMO Capital Markets cut their price objective on shares of Ero Copper from C$22.50 to C$21.50 in a research report on Thursday, September 26th. CIBC cut their price objective on shares of Ero Copper from C$23.00 to C$17.00 in a research report on Tuesday, October 15th. Canaccord Genuity cut their price objective on shares of Ero Copper from C$28.50 to C$24.50 in a research report on Friday, October 11th. Finally, TD Securities cut their price objective on shares of Ero Copper from C$24.00 to C$20.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$20.14.

Shares of ERO opened at C$15.88 on Wednesday. The company has a 50-day moving average of C$18.88 and a two-hundred day moving average of C$19.62. The company has a current ratio of 1.09, a quick ratio of 0.66 and a debt-to-equity ratio of 114.95. The stock has a market cap of $1.42 billion and a P/E ratio of 29.85. Ero Copper has a 12-month low of C$8.55 and a 12-month high of C$25.69.

About Ero Copper

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Earnings History and Estimates for Ero Copper (TSE:ERO)

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