FY2024 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (TSE:ERO) – Equities researchers at Scotiabank issued their FY2024 earnings estimates for Ero Copper in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw expects that the company will earn $1.58 per share for the year. Scotiabank currently has a “Outperform” rating and a $30.00 target price on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share. Scotiabank also issued estimates for Ero Copper’s FY2025 earnings at $3.98 EPS and FY2026 earnings at $5.44 EPS.

Several other research firms have also recently commented on ERO. National Bankshares lowered their price target on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Canaccord Genuity Group boosted their target price on shares of Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Ventum Financial cut their price target on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Eight Capital dropped their price objective on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$32.92.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$20.78 on Friday. Ero Copper has a 52 week low of C$18.38 and a 52 week high of C$32.89. The company has a 50-day moving average price of C$21.12 and a 200 day moving average price of C$25.58. The company has a market cap of C$2.15 billion, a P/E ratio of -79.92, a PEG 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.

Insider Buying and Selling

In other Ero Copper news, Director Chantal Gosselin acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is owned by corporate insiders.

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.