Ero Copper (TSE:ERO) Rating Increased to Buy at Pi Financial

Ero Copper (TSE:ERO) was upgraded by equities researchers at Pi Financial from a “neutral” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports.

Several other analysts have also recently commented on ERO. Raymond James raised their price objective on shares of Ero Copper from C$25.00 to C$26.00 in a research note on Wednesday, March 20th. Cormark lifted their target price on shares of Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. BMO Capital Markets lifted their target price on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a research report on Friday, March 8th. TD Securities lifted their target price on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, March 8th. Finally, Scotiabank lifted their target price on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Ero Copper currently has a consensus rating of “Hold” and a consensus price target of C$25.88.

Ero Copper Stock Down 1.0 %

ERO stock opened at C$27.71 on Thursday. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The stock has a market capitalization of C$2.85 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. The company has a fifty day moving average of C$24.82 and a 200-day moving average of C$21.47.

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

About Ero Copper

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.