Stifel Canada Reduces Earnings Estimates for Ero Copper

Ero Copper Corp. (TSE:ERO) – Equities researchers at Stifel Canada lowered their FY2025 EPS estimates for Ero Copper in a research note issued to investors on Tuesday, October 21st. Stifel Canada analyst R. Profiti now expects that the company will earn $2.41 per share for the year, down from their previous estimate of $2.59. Stifel Canada has a “Hold” rating on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share.

Several other equities research analysts have also issued reports on the stock. National Bankshares increased their target price on shares of Ero Copper from C$27.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Stifel Nicolaus lowered shares of Ero Copper from a “buy” rating to a “hold” rating and increased their target price for the stock from C$26.00 to C$37.00 in a research note on Tuesday. CIBC lowered shares of Ero Copper from an “outperform” rating to a “neutral” rating and increased their target price for the stock from C$22.50 to C$37.00 in a research note on Friday, October 10th. BMO Capital Markets increased their target price on shares of Ero Copper from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Friday, July 4th. Finally, Scotiabank lowered shares of Ero Copper from an “outperform” rating to a “hold” rating and increased their target price for the stock from C$26.50 to C$32.00 in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$31.92.

Ero Copper Price Performance

TSE:ERO opened at C$28.68 on Thursday. The firm’s fifty day moving average is C$24.75 and its two-hundred day moving average is C$21.06. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a one year low of C$13.17 and a one year high of C$34.41. The firm has a market cap of C$2.97 billion, a price-to-earnings ratio of 20.78, a PEG ratio of -0.72 and a beta of 1.52.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.