FY2024 Earnings Forecast for Ero Copper Issued By Scotiabank

Ero Copper Corp. (TSE:ERO) – Equities research analysts at Scotiabank issued their FY2024 earnings per share estimates for Ero Copper in a research note issued to investors 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.

Several other analysts have also recently commented on ERO. Canaccord Genuity Group raised their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Jefferies Financial Group lowered their price target on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday. Eight Capital reduced their price objective on Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. Ventum Financial dropped their target price on Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Finally, The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$32.92.

Ero Copper Trading Up 1.1 %

Shares of TSE ERO opened at C$20.82 on Friday. The firm has a market capitalization of C$2.15 billion, a PE ratio of -80.08, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a one year low of C$18.38 and a one year high of C$32.89. 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 business has a 50-day moving average price of C$21.22 and a two-hundred day moving average price of C$25.65.

Insider Activity

In related news, Director Chantal Gosselin acquired 10,000 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were bought 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 company insiders.

About Ero Copper

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.