Ero Copper (TSE:ERO – Free Report) had its target price hoisted by Raymond James from C$26.00 to C$30.00 in a report issued on Tuesday morning, BayStreet.CA reports. Raymond James also issued estimates for Ero Copper’s Q1 2024 earnings at $0.06 EPS, Q1 2024 earnings at $0.05 EPS, Q2 2024 earnings at $0.31 EPS, Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, Q3 2024 earnings at $1.11 EPS, Q4 2024 earnings at $1.30 EPS, FY2024 earnings at $2.76 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.
ERO has been the subject of several other research reports. BMO Capital Markets raised their target price on Ero Copper from C$23.00 to C$23.50 and gave the stock a market perform rating in a research note on Friday, March 8th. TD Securities raised their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a hold rating in a research note on Friday, March 8th. National Bankshares raised their target price on Ero Copper from C$22.50 to C$24.00 and gave the stock a sector perform rating in a research note on Thursday, February 22nd. Pi Financial raised Ero Copper from a neutral rating to a buy rating in a research note on Thursday, April 18th. Finally, Eight Capital raised their target price on Ero Copper from C$23.50 to C$30.00 and gave the stock a neutral rating in a research note on Monday. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of C$26.83.
View Our Latest Stock Report on ERO
Ero Copper Price Performance
Ero Copper (TSE:ERO – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The company had revenue of C$158.50 million during 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%. Equities research analysts expect that Ero Copper will post 2.0165631 EPS for the current fiscal year.
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.
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