Ero Copper Corp. Forecasted to Earn Q2 2022 Earnings of $1.07 Per Share (TSE:ERO)

Ero Copper Corp. (TSE:EROGet Rating) – Analysts at National Bank Financial upped their Q2 2022 earnings estimates for Ero Copper in a report issued on Tuesday, May 10th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $1.07 for the quarter, up from their prior estimate of $0.76.

Ero Copper (TSE:EROGet Rating) last released its quarterly earnings data on Tuesday, March 8th. The company reported C$0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.66 by C$0.16. The business had revenue of C$170.07 million for the quarter, compared to analysts’ expectations of C$168.91 million.

Several other research analysts also recently weighed in on ERO. National Bankshares upped their target price on shares of Ero Copper from C$20.50 to C$21.50 in a research note 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 report on Tuesday. CIBC increased their price objective on shares of Ero Copper from C$22.00 to C$23.00 in a report on Wednesday, March 9th. Scotiabank increased their price objective on shares of Ero Copper from C$24.00 to C$27.00 in a report on Wednesday, April 13th. Finally, TD Securities decreased their target price on shares of Ero Copper from C$25.00 to C$23.00 and set a “buy” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to, Ero Copper presently has a consensus rating of “Buy” and an average price target of C$25.75.

ERO opened at C$13.31 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.70 and a debt-to-equity ratio of 16.78. Ero Copper has a 52-week low of C$13.12 and a 52-week high of C$29.76. The company has a 50 day moving average of C$18.23 and a two-hundred day moving average of C$18.86. The company has a market cap of C$1.20 billion and a P/E ratio of 4.66.

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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