National Bank Financial Comments on Ero Copper Corp.’s Q3 2024 Earnings (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Research analysts at National Bank Financial decreased their Q3 2024 earnings per share (EPS) estimates for shares of Ero Copper in a note issued to investors on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.22 per share for the quarter, down from their prior forecast of $0.58. 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 FY2024 earnings at $0.90 EPS and FY2025 earnings at $4.53 EPS.

ERO has been the subject of a number of other reports. National Bankshares cut their price objective on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research note on Tuesday. TD Securities cut their price objective on Ero Copper from C$31.00 to C$30.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Canaccord Genuity Group boosted their price target on Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Scotiabank boosted their price target on Ero Copper from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$34.04.

Ero Copper Trading Up 1.3 %

Shares of TSE:ERO opened at C$27.66 on Thursday. The stock has a 50 day moving average of C$27.86 and a 200 day moving average of C$28.30. The company has a market cap of C$2.86 billion, a PE ratio of -106.38, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.89.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.02. The company had revenue of C$160.22 million during the quarter, compared to the consensus estimate of C$154.50 million. Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%.

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.