Ero Copper (TSE:ERO – Get Free Report) had its target price raised by equities research analysts at Raymond James from C$26.00 to C$30.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 13.90% from the company’s previous close. Raymond James also issued estimates for Ero Copper’s Q1 2024 earnings at $0.06 EPS, Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.
Several other research analysts have also weighed in on ERO. Cormark upped their target price on Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. National Bankshares upped 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 report on Thursday, February 22nd. TD Securities upped their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, March 8th. Pi Financial raised Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. Finally, Canaccord Genuity Group upped their target price on Ero Copper from C$26.00 to C$34.00 in a research report on Wednesday, April 17th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$26.83.
Get Our Latest Stock Analysis on ERO
Ero Copper Stock Down 1.0 %
Ero Copper (TSE:ERO – Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The business had revenue of C$158.50 million during the quarter, compared to analysts’ expectations of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. On average, analysts anticipate 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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