Ero Copper Corp (TSE:ERO) – Research analysts at Raymond James reduced their Q4 2019 earnings per share (EPS) estimates for Ero Copper in a report issued on Thursday, December 19th, Zacks Investment Research reports. Raymond James analyst F. Hamed now anticipates that the company will post earnings per share of $0.18 for the quarter, down from their previous estimate of $0.24. Raymond James has a “Outperform” rating and a $24.00 price objective on the stock. Raymond James also issued estimates for Ero Copper’s Q1 2020 earnings at $0.41 EPS, Q2 2020 earnings at $0.38 EPS, Q3 2020 earnings at $0.40 EPS, FY2020 earnings at $1.56 EPS and FY2021 earnings at $1.85 EPS.
Ero Copper (TSE:ERO) last posted its earnings results on Tuesday, November 5th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.05). The firm had revenue of C$80.57 million during the quarter, compared to analyst estimates of C$95.76 million.
A number of other brokerages also recently commented on ERO. Pi Financial increased their price target on Ero Copper from C$18.00 to C$19.50 and gave the company a “neutral” rating in a report on Thursday, December 19th. TD Securities increased their price target on Ero Copper from C$18.50 to C$20.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. National Bank Financial increased their price target on Ero Copper from C$19.75 to C$21.00 and gave the company a “sector perform” rating in a report on Friday, December 20th. BMO Capital Markets reduced their price target on Ero Copper from C$22.50 to C$21.50 in a report on Thursday, September 26th. Finally, Canaccord Genuity reduced their price target on Ero Copper from C$24.50 to C$23.00 in a report on Monday, November 18th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$21.31.
Shares of ERO opened at C$23.61 on Monday. The company has a market capitalization of $2.00 billion and a P/E ratio of 36.89. Ero Copper has a one year low of C$9.45 and a one year high of C$25.69. The company has a debt-to-equity ratio of 110.58, a quick ratio of 0.47 and a current ratio of 1.09. The stock has a 50-day moving average price of C$21.21 and a 200 day moving average price of C$20.67.
In other Ero Copper news, Senior Officer Jonathan Nayan Singh sold 2,333 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$21.50, for a total transaction of C$50,159.50. Following the transaction, the insider now owns 75,000 shares of the company’s stock, valued at approximately C$1,612,500.
Ero Copper Company Profile
Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.