Ero Copper Corp. to Post Q2 2024 Earnings of $0.35 Per Share, Raymond James Forecasts (TSE:ERO)

Ero Copper Corp. (TSE:EROFree Report) – Raymond James increased their Q2 2024 earnings per share estimates for Ero Copper in a research report issued on Wednesday, May 22nd. Raymond James analyst F. Hamed now expects that the company will post earnings per share of $0.35 for the quarter, up from their prior estimate of $0.31. The consensus estimate for Ero Copper’s current full-year earnings is $2.26 per share. Raymond James also issued estimates for Ero Copper’s Q3 2024 earnings at $1.18 EPS, Q4 2024 earnings at $1.37 EPS, Q2 2025 earnings at $1.18 EPS and Q4 2025 earnings at $1.21 EPS.

A number of other research analysts have also issued reports on ERO. National Bankshares lifted their target price on Ero Copper from C$32.25 to C$33.50 in a report on Thursday, May 9th. Canaccord Genuity Group lifted their target price on Ero Copper from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, May 13th. CIBC lifted their price target on Ero Copper from C$28.50 to C$32.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Eight Capital lifted their price target on Ero Copper from C$23.50 to C$30.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, Scotiabank boosted their target price on Ero Copper from C$30.00 to C$32.00 in a report on Thursday, May 9th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ero Copper currently has a consensus rating of “Hold” and an average target price of C$30.75.

Read Our Latest Report on ERO

Ero Copper Price Performance

TSE:ERO opened at C$31.14 on Friday. The business’s 50-day moving average price is C$28.13 and its 200 day moving average price is C$23.12. The firm has a market cap of C$3.21 billion, a P/E ratio of 34.99, a PEG ratio of -0.72 and a beta of 2.12. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.89. The company has a quick ratio of 1.43, a current ratio of 0.82 and a debt-to-equity ratio of 62.41.

Ero Copper (TSE:EROGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. The company had revenue of C$158.50 million for the quarter, compared to the consensus estimate of C$143.80 million.

Insider Activity

In other news, Director Lyle Braaten sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of C$29.45, for a total transaction of C$147,232.50. 10.96% of the stock is currently owned by company insiders.

Ero Copper Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Ero Copper (TSE:ERO)

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