Ero Copper Expected to Earn FY2018 Earnings of $0.32 Per Share (ERO)

Ero Copper (TSE:ERO) – Investment analysts at Cormark reduced their FY2018 EPS estimates for shares of Ero Copper in a research report issued to clients and investors on Monday, April 2nd, Zacks Investment Research reports. Cormark analyst S. Ioannou now anticipates that the company will post earnings per share of $0.32 for the year, down from their previous estimate of $0.43. Cormark also issued estimates for Ero Copper’s FY2020 earnings at $1.11 EPS.

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ERO has been the subject of several other research reports. BMO Capital Markets reiterated an “outperform” rating and issued a C$10.00 target price on shares of Ero Copper in a research report on Monday, April 2nd. Scotiabank reiterated an “outperform” rating and issued a C$9.25 target price on shares of Ero Copper in a research report on Monday, April 2nd.

ERO stock opened at C$8.02 on Wednesday. Ero Copper has a 52-week low of C$4.70 and a 52-week 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 (EPS) for the quarter, topping the 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 company had revenue of C$48.01 million for the quarter.

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Ero Copper Company Profile

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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Earnings History and Estimates for Ero Copper (TSE:ERO)

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