Q1 2023 EPS Estimates for Ero Copper Corp. (TSE:ERO) Cut by Analyst

Ero Copper Corp. (TSE:EROGet Rating) – Research analysts at Cormark lowered their Q1 2023 earnings per share estimates for shares of Ero Copper in a research report issued to clients and investors on Wednesday, May 11th. Cormark analyst S. Ioannou now expects that the company will post earnings per share of $0.48 for the quarter, down from their prior estimate of $0.58. Cormark has a “Buy” rating and a $25.00 price objective on the stock. Cormark also issued estimates for Ero Copper’s Q3 2023 earnings at $0.48 EPS, FY2023 earnings at $2.30 EPS and FY2024 earnings at $3.64 EPS.

Other research analysts have also issued research reports about the stock. CIBC upped their price target on shares of Ero Copper from C$22.00 to C$23.00 in a research note on Wednesday, March 9th. National Bankshares increased their target price on shares of Ero Copper from C$20.50 to C$21.50 in a research report on Friday, April 8th. Raymond James set a C$24.00 target price on shares of Ero Copper and gave the stock an “outperform” rating in a research report on Tuesday. Scotiabank increased their target price on shares of Ero Copper from C$24.00 to C$27.00 in a research report on Wednesday, April 13th. Finally, BMO Capital Markets decreased 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 research report on Wednesday, January 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Ero Copper has a consensus rating of “Buy” and an average price target of C$26.33.

Shares of ERO opened at C$14.17 on Thursday. Ero Copper has a 52 week low of C$14.10 and a 52 week high of C$29.76. The firm has a market cap of C$1.28 billion and a P/E ratio of 4.96. The firm’s 50-day simple moving average is C$18.37 and its 200 day simple moving average is C$18.94. 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 (TSE:EROGet Rating) last announced its quarterly earnings results on Tuesday, March 8th. The company reported C$0.82 EPS for the quarter, beating analysts’ consensus estimates of C$0.66 by C$0.16. The company had revenue of C$170.07 million during the quarter, compared to analyst estimates of C$168.91 million.

About Ero Copper (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.

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

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