Scotiabank Predicts Ero Copper’s FY2024 Earnings (TSE:ERO)

Ero Copper Corp. (TSE:ERO) – Analysts at Scotiabank issued their FY2024 earnings estimates for Ero Copper in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw anticipates that the company will earn $1.58 per share for the year. Scotiabank currently has a “Outperform” rating and a $30.00 target price on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share. Scotiabank also issued estimates for Ero Copper’s FY2025 earnings at $3.98 EPS and FY2026 earnings at $5.44 EPS.

A number of other research analysts have also issued reports on ERO. Canaccord Genuity Group increased their target price on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Eight Capital dropped their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. National Bankshares reduced their price target on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. Ventum Financial decreased their price target on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Finally, TD Securities cut their price objective on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Ero Copper presently has a consensus rating of “Moderate Buy” and a consensus price target of C$32.92.

Ero Copper Stock Down 0.2 %

Shares of ERO stock opened at C$20.78 on Friday. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The stock has a 50 day moving average of C$21.12 and a 200 day moving average of C$25.60. Ero Copper has a twelve month low of C$18.38 and a twelve month high of C$32.89. The stock has a market cap of C$2.15 billion, a P/E ratio of -79.92, a P/E/G ratio of -0.72 and a beta of 1.98.

Insiders Place Their Bets

In related news, Director Chantal Gosselin purchased 10,000 shares of Ero Copper stock in a transaction dated Friday, December 27th. The shares were acquired at an average price of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is currently owned by corporate insiders.

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.