Ero Copper Corp. Forecasted to Earn Q3 2022 Earnings of $0.46 Per Share (TSE:ERO)

Ero Copper Corp. (TSE:ERO – Get Rating) – National Bank Financial issued their Q3 2022 earnings per share (EPS) estimates for shares of Ero Copper in a research report issued on Wednesday, August 3rd. National Bank Financial analyst S. Nagle anticipates that the company will post earnings per share of $0.46 for the quarter. 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 Q4 2022 earnings at $0.56 EPS, FY2022 earnings at $1.83 EPS and FY2024 earnings at $2.51 EPS.

Ero Copper (TSE:ERO – Get Rating) last announced its earnings results on Monday, May 9th. The company reported C$0.46 EPS for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.05). The business had revenue of C$137.96 million during the quarter.

ERO has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on Ero Copper from C$25.00 to C$22.00 in a report on Wednesday, August 3rd. Stifel Nicolaus lowered their target price on Ero Copper from C$35.00 to C$27.00 in a report on Tuesday, July 19th. Raymond James lowered their target price on Ero Copper from C$22.00 to C$18.00 and set an “outperform” rating on the stock in a report on Tuesday, July 19th. Scotiabank decreased their price objective on Ero Copper from C$20.00 to C$19.00 in a report on Thursday. Finally, TD Securities decreased their price objective on Ero Copper from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$21.45.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$12.21 on Monday. The business’s fifty day moving average price is C$12.40 and its two-hundred day moving average price is C$15.70. The stock has a market cap of C$1.11 billion and a PE ratio of 3.86. The company has a debt-to-equity ratio of 16.78, a quick ratio of 1.43 and a current ratio of 1.70. Ero Copper has a one year low of C$10.54 and a one year high of C$25.83.

Insider Buying and Selling

In other news, Director John H. Wright bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average cost of C$13.70 per share, with a total value of C$82,200.00. Following the transaction, the director now owns 786,332 shares of the company’s stock, valued at approximately C$10,772,748.40.

About Ero Copper

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Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.

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