Equities Analysts Offer Predictions for Ero Copper Corp’s FY2019 Earnings (ERO)

Ero Copper Corp (TSE:ERO) – Investment analysts at Cormark cut their FY2019 earnings per share (EPS) estimates for Ero Copper in a research note issued on Wednesday. Cormark analyst S. Ioannou now expects that the company will earn $1.04 per share for the year, down from their previous forecast of $1.10.

Several other equities analysts have also recently issued reports on the stock. Scotiabank reiterated an “outperform” rating and set a C$6.25 price target on shares of Ero Copper in a research report on Monday, November 6th. BMO Capital Markets reissued an “outperform” rating and set a C$8.00 price objective on shares of Ero Copper in a research note on Monday, November 6th. Finally, Raymond James Financial reissued an “outperform” rating and set a C$7.00 price objective on shares of Ero Copper in a research note on Monday, November 6th.

Shares of Ero Copper (ERO) traded up C$0.22 during midday trading on Thursday, hitting C$8.32. 186,644 shares of the company traded hands, compared to its average volume of 104,723. Ero Copper has a one year low of C$4.70 and a one year high of C$9.05.

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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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