Ero Copper Q4 EPS Decreased by National Bank Financial

Ero Copper Corp. (TSE:ERO) – Investment analysts at National Bank Financial decreased their Q4 2024 earnings estimates for Ero Copper in a report issued on Tuesday, February 11th. National Bank Financial analyst S. Nagle now expects that the company will earn $0.09 per share for the quarter, down from their prior estimate of $0.25. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share. National Bank Financial also issued estimates for Ero Copper’s FY2025 earnings at $2.80 EPS and FY2026 earnings at $3.39 EPS.

Other equities research analysts also recently issued reports about the company. Eight Capital decreased their price objective on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. TD Securities raised Ero Copper from a “hold” rating to a “buy” rating and decreased their price target for the stock from C$26.00 to C$23.00 in a report on Wednesday. Scotiabank decreased their price target on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, National Bankshares decreased their price target on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$30.38.

Ero Copper Stock Performance

Shares of Ero Copper stock opened at C$20.08 on Friday. The firm has a market capitalization of C$1.41 billion, a P/E ratio of 87.84, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 52 week low of C$18.16 and a 52 week high of C$32.89. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The firm’s 50 day moving average is C$19.81 and its two-hundred day moving average is C$24.05.

Insider Activity

In other Ero Copper news, Director Chantal Gosselin bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of C$19.44 per share, for a total transaction of C$194,400.00. Insiders own 10.37% of the company’s stock.

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.