Ero Copper Corp. (TSE:ERO – Get Rating) – Equities researchers at Cormark lowered their FY2022 earnings per share (EPS) estimates for Ero Copper in a research report issued on Thursday, November 3rd. Cormark analyst S. Ioannou now anticipates that the company will post earnings per share of $1.38 for the year, down from their prior forecast of $1.74. The consensus estimate for Ero Copper’s current full-year earnings is $1.78 per share. Cormark also issued estimates for Ero Copper’s Q4 2022 earnings at $0.16 EPS, Q1 2023 earnings at $0.34 EPS, Q2 2023 earnings at $0.52 EPS, Q4 2023 earnings at $0.52 EPS and FY2023 earnings at $1.73 EPS.
ERO has been the topic of several other reports. BMO Capital Markets dropped their price objective on Ero Copper from C$25.00 to C$22.00 in a report on Wednesday, August 3rd. CIBC downgraded Ero Copper from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$21.00 to C$18.00 in a research note on Wednesday, November 2nd. Raymond James cut their target price on Ero Copper from C$22.00 to C$18.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 19th. Barclays downgraded Ero Copper from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from C$16.00 to C$18.00 in a report on Monday, October 17th. Finally, National Bankshares boosted their target price on Ero Copper from C$16.00 to C$17.50 in a research note on Thursday, October 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Ero Copper currently has a consensus rating of “Hold” and a consensus target price of C$20.35.
Ero Copper Stock Up 7.5 %
About Ero Copper
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 CuraÃ§Ã¡ Valley, northeastern Bahia state, as well as gold and silver byproducts.
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