Ero Copper Corp. (TSE:ERO) to Post Q1 2024 Earnings of $0.06 Per Share, Raymond James Forecasts

Ero Copper Corp. (TSE:ERO) – Stock analysts at Raymond James decreased their Q1 2024 EPS estimates for shares of Ero Copper in a research report issued to clients and investors on Wednesday, April 17th. Raymond James analyst F. Hamed now expects that the company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for Ero Copper’s current full-year earnings is $2.02 per share. Raymond James also issued estimates for Ero Copper’s Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.

Several other equities research analysts have also recently weighed in on ERO. Cormark upped their price target on shares of Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. BMO Capital Markets upped their price target on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a research report on Friday, March 8th. Pi Financial raised shares of Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday. TD Securities upped their price target on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, March 8th. Finally, National Bankshares upped their price target on shares of Ero Copper from C$22.50 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 22nd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$25.96.

Ero Copper Price Performance

Shares of ERO opened at C$27.71 on Monday. The company has a 50 day moving average price of C$24.82 and a 200-day moving average price of C$21.47. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.12. The stock has a market capitalization of C$2.85 billion, a PE ratio of 20.83, a PEG ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The company had revenue of C$158.50 million during the quarter, compared to analysts’ expectations of C$143.80 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.96%.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.