Raymond James Weighs in on Ero Copper Corp.’s Q2 2024 Earnings (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Raymond James upped their Q2 2024 EPS estimates for Ero Copper in a research report issued on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the company will post earnings of $0.31 per share for the quarter, up from their prior estimate of $0.17. 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 Q3 2024 earnings at $1.11 EPS and FY2024 earnings at $2.76 EPS.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a “market perform” rating in a report on Friday, March 8th. Canaccord Genuity Group upped their price target on shares of Ero Copper from C$26.00 to C$34.00 in a report on Wednesday, April 17th. Cormark upped their price target on shares of Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Eight Capital upped their price target on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a “neutral” rating in a report on Monday. Finally, TD Securities upped their price target on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Friday, March 8th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$26.83.

Ero Copper Stock Down 2.9 %

Shares of TSE ERO opened at C$25.50 on Thursday. The stock has a market cap of C$2.62 billion, a P/E ratio of 19.17, a P/E/G ratio of -0.72 and a beta of 2.14. The firm has a 50 day moving average price of C$25.20 and a 200 day moving average price of C$21.56. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.12.

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

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.