National Bank Financial Weighs in on Ero Copper Corp.’s FY2024 Earnings (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Equities researchers at National Bank Financial raised their FY2024 EPS estimates for Ero Copper in a research note issued to investors on Wednesday, May 8th. National Bank Financial analyst S. Nagle now expects that the company will earn $1.92 per share for the year, up from their previous estimate of $1.83. The consensus estimate for Ero Copper’s current full-year earnings is $2.04 per share. National Bank Financial also issued estimates for Ero Copper’s FY2026 earnings at $4.42 EPS.

ERO has been the topic of several other reports. TD Securities lifted their price objective on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Friday, March 8th. CIBC lifted their price objective on Ero Copper from C$28.50 to C$32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. National Bankshares lifted their price objective on Ero Copper from C$32.25 to C$33.50 in a report on Thursday. Pi Financial upgraded Ero Copper from a “neutral” rating to a “buy” rating in a report on Thursday, April 18th. Finally, Jefferies Financial Group set a C$30.00 price objective on Ero Copper and gave the stock a “hold” rating in a report on Friday, May 3rd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Ero Copper currently has a consensus rating of “Hold” and a consensus price target of C$29.29.

Ero Copper Price Performance

Shares of Ero Copper stock opened at C$29.43 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.12. The business has a 50-day moving average price of C$26.71 and a 200 day moving average price of C$22.27. The firm has a market cap of C$3.02 billion, a PE ratio of 21.96, a P/E/G ratio of -0.72 and a beta of 2.14.

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

Insider Transactions at Ero Copper

In other news, Director Lyle Braaten sold 1,208 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$29.69, for a total transaction of C$35,865.52. Insiders own 11.06% of the company’s stock.

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.