
ERO Stock Forecast & Price Target
ERO Analyst Ratings
Bulls say
Ero Copper Corp is projected to experience significant free cash flow (FCF) improvements, with estimates of ($231M) for 2024, followed by increases to $206M and $299M in 2025 and 2026, respectively, indicating strong financial recovery potential. The company's C1 cash costs are anticipated to decrease to $1.48/lb and $1.49/lb in the coming years, contributing to enhanced profitability as copper production grows. Additionally, the successful ramp-up of the Tucumã mine, which yielded 4.3kt of copper, further supports the positive outlook through increasing operational efficiency and revenue generation.
Bears say
Ero Copper Corp reported a weaker than anticipated performance in Q3/24, resulting in a downward revision of its 2024 guidance, which underscores ongoing operational challenges. The company's Q4/24 pre-release indicated a significant shortfall in copper production, with total output falling 10% short of estimates, exacerbated by disappointing results from the Tucumã project. Additionally, updated net asset value per share (NAVPS) figures experienced a substantial decline, with the 8% NAVPS dropping by 22%, while adjusted EBITDA estimates for 2025-2027 showed an average reduction of 9% per annum.
This aggregate rating is based on analysts' research of ERO Copper Corp and is not a guaranteed prediction by Public.com or investment advice.
ERO Analyst Forecast & Price Prediction
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