Ero Copper (ERO) Stock Forecast, Price Target & Predictions
ERO Stock Forecast
Ero Copper stock forecast is as follows: an average price target of $19.00 (represents a 43.40% upside from ERO’s last price of $13.25) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
ERO Price Target
The average price target for Ero Copper (ERO) is $19.00 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $19.00 to $19.00. This represents a potential 43.40% upside from ERO's last price of $13.25.
ERO Analyst Ratings
According to 13 Wall Street analysts, Ero Copper's rating consensus is 'Buy'. The analyst rating breakdown for ERO stock is 0 'Strong Buy' (0.00%), 11 'Buy' (84.62%), 2 'Hold' (15.38%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ero Copper Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 02, 2024 | Marcio Farid | Goldman Sachs | $19.00 | $15.22 | 24.84% | 43.40% |
The latest Ero Copper stock forecast, released on Dec 02, 2024 by Marcio Farid from Goldman Sachs, set a price target of $19.00, which represents a 24.84% increase from the stock price at the time of the forecast ($15.22), and a 43.40% increase from ERO last price ($13.25).
Ero Copper Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $19.00 | $19.00 | $19.00 |
| Last Closing Price | $13.25 | $13.25 | $13.25 |
| Upside/Downside | 43.40% | 43.40% | 43.40% |
In the current month, the average price target of Ero Copper stock is $19.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 43.40% increase as opposed to Ero Copper's last price of $13.25. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 02, 2024 | Goldman Sachs | Buy | Initialise | |
| Oct 04, 2024 | Jefferies | Buy | Buy | Hold |
| Aug 19, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 05, 2024 | Jefferies | Hold | Buy | Upgrade |
| Jul 23, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jul 15, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| Jul 12, 2024 | Jefferies | Hold | Hold | Hold |
| Jun 25, 2024 | BMO Capital | Market Perform | Outperform | Upgrade |
| Jun 20, 2024 | CIBC | Neutral | Outperform | Upgrade |
| Jun 10, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| Jun 10, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| May 30, 2024 | Scotiabank | Sector Perform | Outperform | Upgrade |
| May 09, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| May 09, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| May 02, 2024 | Jefferies | Buy | Hold | Initialise |
| Apr 18, 2024 | PI Financial | Buy | Upgrade | |
| Apr 17, 2024 | CIBC | Neutral | Neutral | Hold |
| Apr 09, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Apr 05, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| Jun 30, 2023 | Canaccord Genuity | Buy | Buy | Hold |
| Jun 30, 2023 | Daiwa | Outperform | Upgrade | |
| Jun 30, 2023 | Bernstein | Market Perform | Downgrade | |
| Jun 30, 2023 | BMO Capital | Outperform | Upgrade | |
| Jun 30, 2023 | Jefferies | Buy | Upgrade | |
| Jun 30, 2023 | Raymond James | Outperform | Outperform | Hold |
| Jun 30, 2023 | Deutsche Bank | Buy | Upgrade | |
| Mar 08, 2023 | National Bank | Sector Perform | Sector Perform | Hold |
| May 11, 2022 | TD Securities | Buy | Buy | Hold |
Ero Copper's last stock rating was published by Goldman Sachs on Dec 02, 2024. The company Initialise its ERO rating from "null" to "Buy".
Ero Copper Financial Forecast
Ero Copper Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $100.96M | $116.67M | $85.91M | $114.90M | $108.91M | $134.87M | $111.80M |
| Avg Forecast | $181.09M | $181.09M | $180.22M | $178.40M | $197.03M | $197.29M | $196.24M | $195.20M | $209.54M | $209.58M | $208.25M | $206.92M | $241.42M | $253.16M | $220.67M | $189.76M | $184.01M | $136.56M | $117.62M | $109.57M | $118.09M | $116.82M | $110.02M | $97.60M | $114.22M | $84.52M | $120.97M | $114.05M | $128.28M | $106.69M |
| High Forecast | $193.80M | $193.80M | $192.87M | $190.93M | $210.86M | $211.14M | $210.02M | $208.90M | $224.25M | $224.29M | $222.87M | $221.45M | $258.37M | $270.94M | $236.16M | $203.08M | $196.92M | $146.15M | $117.62M | $109.57M | $126.39M | $117.92M | $117.74M | $104.45M | $122.23M | $84.52M | $120.97M | $114.05M | $128.28M | $106.69M |
| Low Forecast | $163.06M | $163.06M | $162.27M | $160.64M | $177.41M | $177.64M | $176.70M | $175.76M | $188.67M | $188.71M | $187.51M | $186.31M | $217.38M | $227.95M | $198.70M | $170.86M | $165.68M | $122.96M | $117.62M | $109.57M | $106.34M | $115.71M | $99.06M | $87.88M | $102.84M | $84.52M | $120.97M | $114.05M | $128.28M | $106.69M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 1.02% | 0.95% | 0.95% | 1.05% | 1.05% |
Ero Copper's average Quarter revenue forecast for Jun 23 based on 1 analysts is $110.02M, with a low forecast of $99.06M, and a high forecast of $117.74M. ERO's average Quarter revenue forecast represents a 8.98% increase compared to the company's last Quarter revenue of $100.96M (Mar 23).
Ero Copper EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $41.90M | $37.73M | $26.09M | $55.22M | $57.09M | $78.74M | $45.85M |
| Avg Forecast | $87.69M | $87.69M | $87.26M | $86.39M | $95.40M | $95.53M | $95.02M | $94.52M | $101.46M | $101.48M | $100.84M | $100.19M | $116.90M | $122.59M | $106.85M | $91.88M | $89.10M | $66.12M | $56.95M | $53.05M | $57.18M | $56.56M | $53.27M | $47.26M | $55.30M | $43.34M | $62.03M | $58.48M | $65.77M | $54.70M |
| High Forecast | $93.84M | $93.84M | $93.39M | $92.45M | $102.10M | $102.24M | $101.70M | $101.15M | $108.58M | $108.61M | $107.92M | $107.23M | $125.11M | $131.19M | $114.35M | $98.33M | $95.35M | $70.77M | $56.95M | $53.05M | $61.20M | $57.10M | $57.01M | $50.58M | $59.19M | $43.34M | $62.03M | $58.48M | $65.77M | $54.70M |
| Low Forecast | $78.95M | $78.95M | $78.57M | $77.78M | $85.90M | $86.02M | $85.56M | $85.11M | $91.36M | $91.38M | $90.80M | $90.22M | $105.26M | $110.38M | $96.21M | $82.73M | $80.23M | $59.54M | $56.95M | $53.05M | $51.49M | $56.03M | $47.97M | $42.55M | $49.80M | $43.34M | $62.03M | $58.48M | $65.77M | $54.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.68% | 0.60% | 0.89% | 0.98% | 1.20% | 0.84% |
1 analysts predict ERO's average Quarter EBITDA for Jun 23 to be $53.27M, with a high of $57.01M and a low of $47.97M. This is 27.16% upper than Ero Copper's previous annual EBITDA (Mar 23) of $41.90M.
Ero Copper Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $24.15M | $22.47M | $3.75M | $23.82M | $52.11M | $60.21M | $26.08M |
| Avg Forecast | - | - | - | - | $81.47M | $80.95M | $80.31M | $79.78M | $99.53M | $98.66M | $95.14M | $93.74M | $92.01M | $82.82M | $78.16M | $70.00M | $58.23M | $26.37M | $17.54M | $9.26M | $26.94M | $18.18M | $26.51M | $21.39M | $31.26M | $18.23M | $47.93M | $41.67M | $63.21M | $50.67M |
| High Forecast | - | - | - | - | $88.91M | $88.34M | $87.64M | $87.06M | $108.61M | $107.66M | $103.82M | $102.29M | $100.41M | $90.38M | $85.29M | $76.38M | $80.32M | $28.77M | $17.63M | $10.11M | $37.48M | $18.34M | $28.93M | $23.34M | $34.12M | $18.23M | $47.93M | $41.67M | $63.21M | $50.67M |
| Low Forecast | - | - | - | - | $70.93M | $70.47M | $69.91M | $69.45M | $86.64M | $85.88M | $82.82M | $81.60M | $80.10M | $72.10M | $68.04M | $60.93M | $22.09M | $22.95M | $17.45M | $8.06M | $18.74M | $18.01M | $23.08M | $18.62M | $27.22M | $18.23M | $47.93M | $41.67M | $63.21M | $50.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 0.72% | 0.21% | 0.50% | 1.25% | 0.95% | 0.51% |
Ero Copper's average Quarter net income forecast for Jun 23 is $26.51M, with a range of $23.08M to $28.93M. ERO's average Quarter net income forecast represents a 9.77% increase compared to the company's last Quarter net income of $24.15M (Mar 23).
Ero Copper SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $17.13M | $18.17M | $15.81M | $10.07M | $13.11M | $13.02M | $10.68M |
| Avg Forecast | $22.61M | $22.61M | $22.50M | $22.27M | $24.60M | $24.63M | $24.50M | $24.37M | $26.16M | $26.16M | $26.00M | $25.83M | $30.14M | $31.60M | $27.55M | $23.69M | $22.97M | $17.05M | $14.68M | $13.68M | $14.74M | $14.58M | $13.73M | $12.18M | $14.26M | $10.49M | $15.02M | $14.16M | $15.92M | $13.24M |
| High Forecast | $24.19M | $24.19M | $24.08M | $23.83M | $26.32M | $26.36M | $26.22M | $26.08M | $27.99M | $28.00M | $27.82M | $27.64M | $32.25M | $33.82M | $29.48M | $25.35M | $24.58M | $18.24M | $14.68M | $13.68M | $15.78M | $14.72M | $14.70M | $13.04M | $15.26M | $10.49M | $15.02M | $14.16M | $15.92M | $13.24M |
| Low Forecast | $20.35M | $20.35M | $20.26M | $20.05M | $22.15M | $22.18M | $22.06M | $21.94M | $23.55M | $23.56M | $23.41M | $23.26M | $27.14M | $28.46M | $24.80M | $21.33M | $20.68M | $15.35M | $14.68M | $13.68M | $13.27M | $14.44M | $12.37M | $10.97M | $12.84M | $10.49M | $15.02M | $14.16M | $15.92M | $13.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.41% | 1.27% | 1.51% | 0.67% | 0.93% | 0.82% | 0.81% |
Ero Copper's average Quarter SG&A projection for Jun 23 is $13.73M, based on 1 Wall Street analysts, with a range of $12.37M to $14.70M. The forecast indicates a -19.83% fall compared to ERO last annual SG&A of $17.13M (Mar 23).
Ero Copper EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.26 | $0.24 | $0.04 | $0.26 | $0.58 | $0.67 | $0.29 |
| Avg Forecast | - | - | - | - | $0.78 | $0.78 | $0.77 | $0.77 | $0.96 | $0.95 | $0.92 | $0.90 | $0.88 | $0.80 | $0.75 | $0.67 | $0.56 | $0.25 | $0.17 | $0.09 | $0.26 | $0.17 | $0.26 | $0.21 | $0.30 | $0.18 | $0.46 | $0.40 | $0.61 | $0.49 |
| High Forecast | - | - | - | - | $0.86 | $0.85 | $0.84 | $0.84 | $1.04 | $1.04 | $1.00 | $0.98 | $0.97 | $0.87 | $0.82 | $0.73 | $0.77 | $0.28 | $0.17 | $0.10 | $0.36 | $0.18 | $0.28 | $0.22 | $0.33 | $0.18 | $0.46 | $0.40 | $0.61 | $0.49 |
| Low Forecast | - | - | - | - | $0.68 | $0.68 | $0.67 | $0.67 | $0.83 | $0.83 | $0.80 | $0.78 | $0.77 | $0.69 | $0.65 | $0.59 | $0.21 | $0.22 | $0.17 | $0.08 | $0.18 | $0.17 | $0.22 | $0.18 | $0.26 | $0.18 | $0.46 | $0.40 | $0.61 | $0.49 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.26% | 0.80% | 0.23% | 0.56% | 1.43% | 1.09% | 0.59% |
According to 1 Wall Street analysts, Ero Copper's projected average Quarter EPS for Jun 23 is $0.26, with a low estimate of $0.22 and a high estimate of $0.28. This represents a -1.92% decrease compared to ERO previous annual EPS of $0.26 (Mar 23).