Raymond James Has Negative Outlook of Ero Copper Q3 Earnings

Ero Copper Corp. (TSE:ERO) – Equities research analysts at Raymond James cut their Q3 2024 EPS estimates for shares of Ero Copper in a research report issued to clients and investors on Wednesday, October 23rd. Raymond James analyst F. Hamed now expects that the company will post earnings of $0.39 per share for the quarter, down from their previous estimate of $0.50. Raymond James has a “Outperform” rating and a $36.00 price target on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share. Raymond James also issued estimates for Ero Copper’s Q2 2025 earnings at $1.34 EPS.

Several other research firms also recently weighed in on ERO. Eight Capital increased their target price on Ero Copper from C$30.00 to C$40.00 in a research report on Thursday, July 11th. Canaccord Genuity Group increased their price objective on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Jefferies Financial Group lowered their target price on shares of Ero Copper from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Scotiabank increased their price target on shares of Ero Copper from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Ventum Financial lowered their price objective on shares of Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.96.

Ero Copper Trading Down 0.4 %

Shares of Ero Copper stock opened at C$26.93 on Friday. The firm has a market cap of C$2.78 billion, a PE ratio of -103.58, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.89. The business’s fifty day moving average is C$28.02 and its two-hundred day moving average is C$28.31.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.23 by C$0.02. The business had revenue of C$160.22 million for the quarter, compared to the consensus estimate of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%.

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.