FY2023 Earnings Forecast for Ero Copper Corp. (TSE:ERO) Issued By Raymond James

Ero Copper Corp. (TSE:ERO – Get Rating) – Equities research analysts at Raymond James upped their FY2023 earnings per share (EPS) estimates for shares of Ero Copper in a report released on Thursday, May 18th. Raymond James analyst F. Hamed now expects that the company will post earnings of $1.69 per share for the year, up from their prior forecast of $1.62. Raymond James currently has a “Outperform” rating and a $28.00 target price on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $1.59 per share. Raymond James also issued estimates for Ero Copper’s Q4 2023 earnings at $0.59 EPS.

A number of other brokerages have also recently issued reports on ERO. CIBC boosted their price objective on Ero Copper from C$23.50 to C$27.00 in a research note on Tuesday, May 9th. TD Securities boosted 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 Monday, April 10th. National Bank Financial boosted their price objective on Ero Copper from C$25.50 to C$26.50 in a report on Wednesday, May 10th. Barclays boosted their price objective on Ero Copper from C$22.00 to C$25.00 in a report on Friday, April 21st. Finally, National Bankshares boosted their price objective on Ero Copper from C$24.50 to C$25.50 and gave the stock a “sector perform” rating in a report on Tuesday, April 18th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Ero Copper currently has a consensus rating of “Hold” and an average target price of C$27.15.

Ero Copper Trading Up 0.2 %

Shares of Ero Copper stock opened at C$25.06 on Monday. Ero Copper has a 52-week low of C$10.54 and a 52-week high of C$28.05. The stock’s 50-day simple moving average is C$24.70 and its 200 day simple moving average is C$21.32. The stock has a market capitalization of C$2.32 billion, a P/E ratio of 22.78, a P/E/G ratio of -0.72 and a beta of 2.12. The company has a debt-to-equity ratio of 71.95, a quick ratio of 1.43 and a current ratio of 2.95.

Ero Copper (TSE:ERO – Get Rating) last released its earnings results on Tuesday, March 7th. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.41 by C($0.08). The business had revenue of C$158.45 million for the quarter, compared to the consensus estimate of C$167.50 million. Ero Copper had a return on equity of 13.37% and a net margin of 17.66%.

Ero Copper Company Profile

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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.