Ero Copper Corp (TSE:ERO) – Investment analysts at Cormark dropped their FY2018 earnings per share estimates for shares of Ero Copper in a research report issued to clients and investors on Monday, April 2nd, according to Zacks Investment Research. Cormark analyst S. Ioannou now forecasts that the company will post earnings of $0.32 per share for the year, down from their prior forecast of $0.43. Cormark also issued estimates for Ero Copper’s FY2020 earnings at $1.11 EPS.
Several other research analysts have also weighed in on the company. Scotiabank lifted their price objective on Ero Copper from C$7.00 to C$7.25 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. BMO Capital Markets lifted their price objective on Ero Copper from C$8.00 to C$9.00 in a research report on Monday, December 18th.
ERO stock opened at C$8.19 on Wednesday. Ero Copper has a 1-year low of C$4.70 and a 1-year high of C$9.07.
Ero Copper (TSE:ERO) last posted its quarterly earnings data on Thursday, March 29th. The company reported C$0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.07 by C$0.23. Ero Copper had a return on equity of 173.42% and a net margin of 56.62%. The firm had revenue of C$48.01 million during the quarter.
About Ero Copper
Ero Copper Corp is a Canada-based metal mining company focused on the production and sale of copper from the Vale do Cura Property in Brazil, with gold and silver produced and sold as byproducts from the Vale do Cura Property. The Company’s principal business activities since incorporation have been the acquisition of an approximately 99.5% direct interest in MCSA and, indirectly through the acquisition of MCSA, the acquisition of the Vale do Cura Property and the Boa Esperana Property, as well as the advancement of the operations of the Vale do Cura Property.
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