Ero Copper Corp. (TSE:ERO) Forecasted to Earn FY2025 Earnings of $4.17 Per Share

Ero Copper Corp. (TSE:ERO) – Research analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for shares of Ero Copper in a report released on Thursday, April 18th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $4.17 per share for the year, up from their previous estimate of $4.12. The consensus estimate for Ero Copper’s current full-year earnings is $2.02 per share.

Ero Copper (TSE:ERO) last released its 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 return on equity of 13.96% and a net margin of 21.71%. The business had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million.

ERO has been the topic of a number of other research reports. Cormark upped their price target on Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. CIBC upped their price target on Ero Copper from C$24.00 to C$28.50 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Scotiabank upped 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. TD Securities upped their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Friday, March 8th. Finally, Raymond James upped their price target on Ero Copper from C$26.00 to C$30.00 in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$26.83.

Ero Copper Stock Performance

TSE ERO opened at C$26.27 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 55.09. The business’s 50 day moving average is C$25.08 and its two-hundred day moving average is C$21.53. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.12. The stock has a market capitalization of C$2.70 billion, a price-to-earnings ratio of 19.75, a PEG 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.