Ero Copper Corp. to Post Q1 2024 Earnings of $0.05 Per Share, Raymond James Forecasts (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Equities researchers at Raymond James reduced their Q1 2024 earnings per share (EPS) estimates for shares of Ero Copper in a note issued to investors on Monday, April 22nd. Raymond James analyst F. Hamed now expects that the company will earn $0.05 per share 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 has been the topic of several other reports. Eight Capital raised their target price on Ero Copper from C$23.50 to C$30.00 and gave the company a “neutral” rating in a research report on Monday. Pi Financial upgraded Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. TD Securities raised their target price on Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, March 8th. BMO Capital Markets raised their target price on Ero Copper from C$23.00 to C$23.50 and gave the company a “market perform” rating in a research report on Friday, March 8th. Finally, Cormark raised their target price on Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$26.83.

Ero Copper Stock Down 1.2 %

Shares of Ero Copper stock opened at C$26.27 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 55.09. The business’s 50 day simple moving average is C$25.08 and its 200-day simple moving average is C$21.53. The stock has a market capitalization of C$2.70 billion, a price-to-earnings ratio of 19.75, a PEG ratio of -0.72 and a beta of 2.14. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.12.

Ero Copper (TSE:ERO) last announced its quarterly earnings results 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%.

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.