Q1 2024 Earnings Forecast for Ero Copper Corp. Issued By Raymond James (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Research analysts at Raymond James lowered their Q1 2024 earnings estimates for Ero Copper in a report released on Wednesday, April 17th. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for Ero Copper’s current full-year earnings is $2.02 per share. Raymond James also issued estimates for Ero Copper’s Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The company had revenue of C$158.50 million for the quarter, compared to the consensus estimate of C$143.80 million.

ERO has been the topic of several other reports. Scotiabank increased their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. BMO Capital Markets raised their price target on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a report on Friday, March 8th. National Bankshares upped their price objective on shares of Ero Copper from C$22.50 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, February 22nd. Cormark upped their price objective on Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. Finally, Eight Capital boosted their price objective on Ero Copper from C$23.50 to C$30.00 and gave the company a “neutral” rating in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Ero Copper presently has a consensus rating of “Hold” and an average target price of C$26.50.

Ero Copper Stock Down 4.0 %

Shares of ERO opened at C$26.60 on Monday. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.12. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. The business’s 50 day simple moving average is C$24.94 and its 200-day simple moving average is C$21.50. The stock has a market capitalization of C$2.73 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14.

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.