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Ero Copper Corp. (TSE:ERO)
:ERO
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.46Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -1.07%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong production and financial performance, particularly due to record copper production and improved metal prices. However, challenges in the ramp-up at Tucuma, increased costs, and foreign exchange volatility presented notable concerns. The company's strategy focuses on resolving these issues and improving liquidity while planning for future growth.Company Guidance
During the Ero Copper earnings call for Q4 and full year 2024, the company provided guidance on its strategic priorities for 2025, emphasizing four key steps: achieving commercial production at Tucuma, deleveraging the balance sheet, advancing long-term growth initiatives, and initiating shareholder returns. The company reported record copper production, with cash flow from operations at $60.8 million for the quarter and $145.4 million for the full year. Adjusted EBITDA was $59.1 million for the quarter and $216.2 million for the year. Ero Copper aims to achieve a net debt leverage ratio of 1.5 times, influenced by copper prices and operating margins. The company also highlighted its work on the Furnas growth project with a planned 28,000-meter Phase 1 drill program. Despite some operational challenges, including a power outage at Tucuma and issues with tailings filters, the company expects improved plant reliability and production increases beginning in the second quarter, aligning with its reaffirmed full-year guidance.Record Copper Production and Improved Metal Prices
Ero Copper reported record copper production in the fourth quarter, contributing to strong cash flow and adjusted EBITDA. Cash flow from operations was $60.8 million for the quarter and $145.4 million for the full year. Adjusted EBITDA for the quarter was $59.1 million and $216.2 million for the full year.
Successful Ramp-Up and Higher Grades at Tucuma
The Tucuma project was completed on schedule with no lost time injuries. Mining operations have continued to track ahead of schedule, with higher than expected grades from the infill drill program. The process plant has consistently achieved at or above design net recoveries and concentrate grades.
Strengthened Liquidity Position
Ero Copper enhanced its financial flexibility by amending its existing credit facility, increasing total commitments from $150 million to $200 million, and securing a 25 basis point reduction in the applicable margin on drawn funds at certain leverage ratios. The pro forma available liquidity at year-end was $140.4 million.
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TSE:ERO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ERO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | C$17.71 | C$17.70 | -0.06% |
| Nov 05, 2024 | C$25.77 | C$23.79 | -7.68% |
| Aug 01, 2024 | C$25.96 | C$26.38 | +1.62% |
| May 07, 2024 | C$28.70 | C$29.32 | +2.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ero Copper Corp. (TSE:ERO) report earnings?
Ero Copper Corp. (TSE:ERO) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Ero Copper Corp. (TSE:ERO) earnings time?
Ero Copper Corp. (TSE:ERO) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ERO EPS forecast?
TSE:ERO EPS forecast for the fiscal quarter 2025 (Q1) is 0.46.
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