Ero Copper Q4 EPS Forecast Cut by National Bank Financial

Ero Copper Corp. (TSE:ERO) – Equities researchers at National Bank Financial dropped their Q4 2024 earnings per share (EPS) estimates for Ero Copper in a research report issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.25 per share for the quarter, down from their previous forecast of $0.30. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share.

ERO has been the subject of a number of other reports. TD Securities dropped their price objective on shares of 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. National Bankshares dropped their price target on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. Scotiabank reduced their price objective on Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Eight Capital decreased their price objective on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Finally, Jefferies Financial Group cut their target price on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$32.92.

Ero Copper Trading Down 1.9 %

Shares of Ero Copper stock opened at C$19.42 on Thursday. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a 1 year low of C$18.38 and a 1 year high of C$32.89. The firm has a market cap of C$2.00 billion, a PE ratio of -74.69, a PEG ratio of -0.72 and a beta of 1.98. The company has a 50 day simple moving average of C$20.03 and a two-hundred day simple moving average of C$24.35.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate of C$0.49 by C($0.12). Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. During the same quarter in the prior year, the firm earned $0.25 earnings per share.

Insider Buying and Selling

In other Ero Copper news, Director Chantal Gosselin acquired 10,000 shares of the company’s stock in a transaction on Friday, December 27th. The stock was acquired at an average price of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is owned by insiders.

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.