Cormark Weighs in on Ero Copper Corp.’s Q3 2022 Earnings (TSE:ERO)

Ero Copper Corp. (TSE:EROGet Rating) – Equities researchers at Cormark issued their Q3 2022 earnings estimates for shares of Ero Copper in a note issued to investors on Thursday, August 4th. Cormark analyst S. Ioannou anticipates that the company will post earnings per share of $0.18 for the quarter. Cormark has a “Buy” rating and a $25.00 price objective on the stock. The consensus estimate for Ero Copper’s current full-year earnings is $1.84 per share. Cormark also issued estimates for Ero Copper’s Q4 2022 earnings at $0.41 EPS, FY2022 earnings at $1.68 EPS, Q1 2023 earnings at $0.32 EPS, Q2 2023 earnings at $0.37 EPS, Q3 2023 earnings at $0.55 EPS and Q4 2023 earnings at $0.37 EPS.

Ero Copper (TSE:EROGet Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported C$0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.51 by C($0.05). The business had revenue of C$137.96 million for the quarter.

Several other research analysts also recently issued reports on the stock. National Bankshares lowered their price objective on shares of Ero Copper from C$16.50 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 19th. Stifel Nicolaus lowered their target price on shares of Ero Copper from C$35.00 to C$27.00 in a report on Tuesday, July 19th. BMO Capital Markets lowered their target price on shares of Ero Copper from C$25.00 to C$22.00 in a report on Wednesday, August 3rd. Raymond James lowered their target price on shares of Ero Copper from C$22.00 to C$18.00 and set an “outperform” rating on the stock in a report on Tuesday, July 19th. Finally, Barclays reduced their price objective on shares of Ero Copper from C$21.00 to C$16.00 and set a “na” rating for the company in a research note on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ero Copper has an average rating of “Moderate Buy” and an average target price of C$21.45.

Ero Copper Trading Down 0.4 %

Shares of Ero Copper stock opened at C$13.35 on Monday. Ero Copper has a 1 year low of C$10.54 and a 1 year high of C$25.83. The company has a debt-to-equity ratio of 16.78, a quick ratio of 1.43 and a current ratio of 1.70. The company has a market capitalization of C$1.21 billion and a P/E ratio of 3.78. The company’s fifty day moving average is C$12.30 and its two-hundred day moving average is C$15.66.

Insiders Place Their Bets

In other Ero Copper news, Director John H. Wright bought 6,000 shares of the business’s stock in a transaction on Friday, May 13th. The stock was bought at an average price of C$13.70 per share, for a total transaction of C$82,200.00. Following the completion of the transaction, the director now owns 786,332 shares in the company, valued at approximately C$10,772,748.40.

Ero Copper Company Profile

(Get Rating)

Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.

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Earnings History and Estimates for Ero Copper (TSE:ERO)

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