Ero Copper (TSE:ERO) Price Target Raised to C$28.50 at CIBC

Ero Copper (TSE:ERO) had its price objective boosted by CIBC from C$24.00 to C$28.50 in a report published on Wednesday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also commented on ERO. National Bankshares increased their price target on Ero Copper from C$22.50 to C$24.00 and gave the stock a sector perform rating in a research report on Thursday, February 22nd. Pi Financial downgraded Ero Copper from a buy rating to a neutral rating and upped their price objective for the stock from C$24.00 to C$27.00 in a report on Friday, March 8th. Canaccord Genuity Group upped their price objective on Ero Copper from C$26.00 to C$34.00 in a report on Wednesday. TD Securities upped their price objective on Ero Copper from C$24.00 to C$25.00 and gave the stock a hold rating in a report on Friday, March 8th. Finally, Raymond James upped their price objective on Ero Copper from C$25.00 to C$26.00 in a report on Wednesday, March 20th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Ero Copper presently has an average rating of Hold and an average price target of C$25.88.

Ero Copper Stock Down 1.1 %

TSE ERO opened at C$27.46 on Wednesday. The firm has a market cap of C$2.82 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The stock’s 50 day simple moving average is C$24.41 and its 200 day simple moving average is C$21.34. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The business had revenue of C$158.50 million for the quarter, compared to the consensus estimate of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. As a group, sell-side analysts forecast that Ero Copper will post 2.0165631 earnings per share for the current fiscal year.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.