Ero Copper Q4 EPS Estimate Cut by National Bank Financial

Ero Copper Corp. (TSE:ERO) – Equities research analysts at National Bank Financial cut their Q4 2024 earnings estimates for Ero Copper in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.30 per share for the quarter, down from their previous forecast of $0.37. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share.

A number of other analysts also recently commented on the stock. Scotiabank dropped their price target on shares of Ero Copper from C$37.00 to C$34.00 in a research report on Wednesday, November 6th. Jefferies Financial Group dropped their price target on shares of Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. 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. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ero Copper presently has an average rating of “Moderate Buy” and a consensus price target of C$33.04.

Ero Copper Stock Down 1.5 %

ERO stock opened at C$22.74 on Monday. Ero Copper has a 52 week low of C$15.74 and a 52 week high of C$32.89. The company has a market capitalization of C$2.35 billion, a price-to-earnings ratio of -85.77, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The firm’s 50-day moving average is C$27.41 and its two-hundred day moving average is C$28.08. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63.

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.