Q3 2024 Earnings Estimate for Ero Copper Corp. Issued By Raymond James (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Raymond James decreased their Q3 2024 earnings per share (EPS) estimates for shares of Ero Copper in a research note issued to investors on Tuesday, September 17th. Raymond James analyst F. Hamed now forecasts that the company will earn $0.52 per share for the quarter, down from their prior forecast of $0.88. Raymond James currently 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 $4.75 per share. Raymond James also issued estimates for Ero Copper’s Q1 2025 earnings at $1.32 EPS, Q2 2025 earnings at $1.18 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $1.22 EPS and FY2025 earnings at $4.91 EPS.

Other equities analysts have also issued research reports about the company. Ventum Financial lowered their price target on Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd. Eight Capital upped their price target on Ero Copper from C$30.00 to C$40.00 in a research note on Thursday, July 11th. Scotiabank lowered their price objective on shares of Ero Copper from C$40.00 to C$36.00 in a research report on Monday, August 19th. BMO Capital Markets upped their price objective on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Finally, Canaccord Genuity Group lifted their target price on shares of Ero Copper from C$36.00 to C$39.00 in a report on Monday, July 22nd. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ero Copper has a consensus rating of “Moderate Buy” and an average price target of C$33.77.

Ero Copper Trading Up 4.1 %

Shares of Ero Copper stock opened at C$29.10 on Friday. The company’s fifty day moving average is C$27.28 and its two-hundred day moving average is C$27.67. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. The company has a market capitalization of C$3.00 billion, a P/E ratio of -111.92, a PEG ratio of -0.72 and a beta of 1.98.

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

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.