Ero Copper (TSE:ERO – Free Report) had its price target boosted by Raymond James from C$26.00 to C$30.00 in a research report released on Tuesday, BayStreet.CA reports. Raymond James also issued estimates for Ero Copper’s Q1 2024 earnings at $0.06 EPS, Q1 2024 earnings at $0.05 EPS, Q2 2024 earnings at $0.31 EPS, Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, Q3 2024 earnings at $1.11 EPS, Q4 2024 earnings at $1.30 EPS, FY2024 earnings at $2.76 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.
ERO has been the subject of a number of other reports. TD Securities lifted their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a report on Friday, March 8th. National Bankshares raised their price target on shares of Ero Copper from C$22.50 to C$24.00 and gave the company a sector perform rating in a research report on Thursday, February 22nd. Pi Financial raised shares of Ero Copper from a neutral rating to a buy rating in a research report on Thursday, April 18th. Eight Capital raised their price target on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets raised their price target on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a market perform rating in a research report on Friday, March 8th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of C$26.83.
Read Our Latest Stock Analysis on Ero Copper
Ero Copper Trading Up 8.1 %
Ero Copper (TSE:ERO – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The company had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. On average, sell-side analysts predict that Ero Copper will post 2.0165631 EPS for the current year.
About Ero Copper
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.
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