Equities Analysts Set Expectations for Ero Copper Corp.’s Q1 2023 Earnings (TSE:ERO)

Ero Copper Corp. (TSE:ERO – Get Rating) – Analysts at National Bank Financial issued their Q1 2023 earnings estimates for Ero Copper in a report released on Wednesday, March 8th. National Bank Financial analyst S. Nagle anticipates that the company will earn $0.42 per share for the quarter. The consensus estimate for Ero Copper’s current full-year earnings is $1.67 per share. National Bank Financial also issued estimates for Ero Copper’s FY2023 earnings at $1.76 EPS and FY2025 earnings at $3.98 EPS.

Several other analysts have also commented on ERO. CIBC dropped their price target on shares of Ero Copper from C$27.00 to C$20.00 in a research report on Wednesday, February 8th. TD Securities lifted their target price on shares of Ero Copper from C$22.00 to C$24.00 and gave the company a “hold” rating in a research report on Thursday. National Bankshares lifted their target price on shares of Ero Copper from C$22.00 to C$24.50 and gave the company a “sector perform” rating in a research report on Thursday. Raymond James raised their price target on shares of Ero Copper from C$19.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 31st. Finally, BMO Capital Markets raised their price target on shares of Ero Copper from C$21.00 to C$23.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Ero Copper currently has a consensus rating of “Hold” and a consensus target price of C$22.65.

Ero Copper Stock Up 0.3 %

TSE:ERO opened at C$23.31 on Monday. The firm has a market capitalization of C$2.15 billion, a P/E ratio of 16.19, a PEG ratio of -0.72 and a beta of 2.12. The company has a debt-to-equity ratio of 79.13, a current ratio of 3.04 and a quick ratio of 1.43. The company’s fifty day moving average price is C$21.37 and its 200-day moving average price is C$17.81. Ero Copper has a 1-year low of C$10.54 and a 1-year high of C$25.29.

Ero Copper Company Profile

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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.