Ero Copper Corp. Forecasted to Post Q1 2024 Earnings of $0.05 Per Share (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Raymond James lowered their Q1 2024 EPS estimates for Ero Copper in a report issued on Monday, April 22nd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.05 for the quarter, down from their prior estimate of $0.06. The consensus estimate for Ero Copper’s current full-year earnings is $2.02 per share. Raymond James also issued estimates for Ero Copper’s Q4 2024 earnings at $1.30 EPS.

Ero Copper (TSE:ERO) last released its earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The firm had revenue of C$158.50 million during the quarter, compared to the consensus estimate of C$143.80 million.

Other equities analysts have also issued reports about the stock. National Bankshares raised their target price on shares of Ero Copper from C$22.50 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, February 22nd. TD Securities lifted their price target on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Friday, March 8th. BMO Capital Markets lifted their price target on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a “market perform” rating in a report on Friday, March 8th. Canaccord Genuity Group lifted their target price on shares of Ero Copper from C$26.00 to C$34.00 in a research report on Wednesday, April 17th. Finally, Scotiabank lifted their target price on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$26.83.

Ero Copper Price Performance

ERO stock opened at C$25.50 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09. Ero Copper has a 12 month low of C$15.72 and a 12 month high of C$32.12. The firm has a market cap of C$2.62 billion, a P/E ratio of 19.17, a P/E/G ratio of -0.72 and a beta of 2.14. The company’s 50-day moving average price is C$25.20 and its two-hundred day moving average price is C$21.56.

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.