Brokers Offer Predictions for Ero Copper Corp.’s Q1 2022 Earnings (TSE:ERO)

Ero Copper Corp. (TSE:EROGet Rating) – Raymond James dropped their Q1 2022 earnings per share estimates for shares of Ero Copper in a research report issued to clients and investors on Tuesday, April 19th. Raymond James analyst F. Hamed now forecasts that the company will post earnings of $0.49 per share for the quarter, down from their prior estimate of $0.58. Raymond James currently has a “Outperform” rating and a $24.00 target price on the stock. Raymond James also issued estimates for Ero Copper’s Q3 2023 earnings at $0.57 EPS.

Several other research analysts have also recently issued reports on the stock. Canaccord Genuity Group cut their target price on shares of Ero Copper from C$28.00 to C$23.50 and set a “buy” rating on the stock in a report on Monday, January 10th. CIBC raised their target price on shares of Ero Copper from C$22.00 to C$23.00 in a report on Wednesday, March 9th. BMO Capital Markets cut their target price on shares of Ero Copper from C$30.00 to C$29.00 and set a “market perform” rating on the stock in a report on Wednesday, January 12th. Cormark cut their target price on shares of Ero Copper from C$30.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, January 12th. Finally, Barclays upgraded shares of Ero Copper from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from C$23.00 to C$21.00 in a report on Thursday, February 3rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$26.33.

ERO stock opened at C$20.40 on Thursday. The company has a debt-to-equity ratio of 16.78, a quick ratio of 1.43 and a current ratio of 1.70. Ero Copper has a one year low of C$15.01 and a one year high of C$29.76. The company has a market capitalization of C$1.84 billion and a PE ratio of 7.31. The company’s 50 day moving average price is C$18.57 and its two-hundred day moving average price is C$19.64.

Ero Copper Company Profile (Get Rating)

Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.

Further Reading

Earnings History and Estimates for Ero Copper (TSE:ERO)

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