Ero Copper (TSE:ERO – Get Free Report) had its price objective hoisted by Raymond James from C$26.00 to C$30.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 17.65% from the company’s current price. 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 $0.17 EPS, Q3 2024 earnings at $0.94 EPS, Q4 2024 earnings at $1.30 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.
Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price target on Ero Copper from C$26.00 to C$34.00 in a report on Wednesday, April 17th. Scotiabank upped their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. Pi Financial upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. National Bankshares upped their target price on shares of Ero Copper from C$22.50 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 22nd. Finally, TD Securities boosted their price target on shares of 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. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$26.83.
Read Our Latest Analysis on ERO
Ero Copper Stock Down 2.9 %
Ero Copper (TSE:ERO – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The firm had revenue of C$158.50 million during the quarter, compared to the consensus estimate of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. On average, equities research analysts predict that Ero Copper will post 2.0165631 earnings per share for the current 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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