Ero Copper Corp. (TSE:ERO) to Post Q2 2024 Earnings of $0.31 Per Share, Raymond James Forecasts

Ero Copper Corp. (TSE:ERO) – Research analysts at Raymond James upped their Q2 2024 earnings estimates for Ero Copper in a report released on Monday, April 22nd. Raymond James analyst F. Hamed now forecasts that the company will earn $0.31 per share for the quarter, up from their prior estimate of $0.17. 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 Q3 2024 earnings at $1.11 EPS and FY2024 earnings at $2.76 EPS.

Other research analysts have also recently issued research reports about the stock. Eight Capital lifted their price objective on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Scotiabank lifted their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. TD Securities lifted their price objective 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. CIBC lifted their price objective on shares of Ero Copper from C$24.00 to C$28.50 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, National Bankshares lifted their price objective 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. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$26.83.

Ero Copper Stock Performance

TSE:ERO opened at C$28.18 on Thursday. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.12. The company has a market cap of C$2.90 billion, a P/E ratio of 21.19, a P/E/G ratio of -0.72 and a beta of 2.14. The company’s 50-day moving average price is C$25.44 and its 200-day moving average price is C$21.63. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 55.09.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The company had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%.

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.