Analysts Set Expectations for Ero Copper FY2024 Earnings

Ero Copper Corp. (TSE:ERO) – Stock analysts at Scotiabank issued their FY2024 earnings estimates for shares of Ero Copper in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw anticipates that the company will post earnings per share of $1.58 for the year. Scotiabank currently has a “Outperform” rating and a $30.00 price target on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share. Scotiabank also issued estimates for Ero Copper’s FY2025 earnings at $3.98 EPS and FY2026 earnings at $5.44 EPS.

Other equities analysts also recently issued research reports about the company. Eight Capital cut their price objective on Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. TD Securities cut their price target on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group decreased their price objective on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday. The Goldman Sachs Group raised shares of Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, National Bankshares decreased their price target on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.92.

Ero Copper Stock Performance

TSE ERO opened at C$20.82 on Friday. The firm has a market cap of C$2.15 billion, a price-to-earnings ratio of -80.08, a PEG ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. Ero Copper has a 1-year low of C$18.38 and a 1-year high of C$32.89. The company has a 50 day moving average of C$21.22 and a 200-day moving average of C$25.65.

Insider Buying and Selling at Ero Copper

In related news, Director Chantal Gosselin sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total value of C$211,700.00. Insiders own 10.37% of the company’s stock.

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.