Ventum Cap Mkts Forecasts Ero Copper Q4 Earnings

Ero Copper Corp. (TSE:ERO) – Stock analysts at Ventum Cap Mkts issued their Q4 2024 EPS estimates for shares of Ero Copper in a note issued to investors on Wednesday, February 19th. Ventum Cap Mkts analyst C. Mackay expects that the company will post earnings of $0.34 per share for the quarter. The consensus estimate for Ero Copper’s current full-year earnings is $4.74 per share. Ventum Cap Mkts also issued estimates for Ero Copper’s FY2025 earnings at $1.87 EPS.

Several other brokerages also recently issued reports on ERO. TD Securities upgraded shares of Ero Copper from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$26.00 to C$23.00 in a research report on Wednesday, February 12th. The Goldman Sachs Group raised shares of Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Scotiabank cut their target price on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Jefferies Financial Group reduced their target price on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. Finally, Ventum Financial dropped their price target on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and a consensus target price of C$30.38.

Ero Copper Stock Performance

Shares of Ero Copper stock opened at C$19.26 on Friday. The firm has a market cap of C$1.35 billion, a PE ratio of 84.26, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The firm’s 50-day simple moving average is C$19.73 and its 200-day simple moving average is C$23.78. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a 1 year low of C$18.16 and a 1 year high of C$32.89.

Insider Transactions at Ero Copper

In other news, Director Chantal Gosselin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$21.17, for a total value of C$211,700.00. Corporate insiders own 10.37% of the company’s stock.

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.