Ero Copper (TSE:ERO) Given New C$30.00 Price Target at Eight Capital

Ero Copper (TSE:ERO) had its price objective upped by equities research analysts at Eight Capital from C$23.50 to C$30.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. Eight Capital’s price target suggests a potential upside of 14.20% from the company’s previous close.

ERO has been the subject of a number of other research reports. BMO Capital Markets boosted 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. Pi Financial raised shares of Ero Copper from a “neutral” rating to a “buy” rating in a research report on Thursday, April 18th. Cormark upped their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. TD Securities upped their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, March 8th. Finally, Scotiabank upped their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Ero Copper currently has an average rating of “Hold” and an average target price of C$26.83.

Ero Copper Stock Down 1.2 %

Shares of TSE:ERO opened at C$26.27 on Monday. The company has a market cap of C$2.70 billion, a PE ratio of 19.75, 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 firm has a 50 day simple moving average of C$25.08 and a 200 day simple moving average of C$21.53. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.12.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share (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 during 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, research analysts expect that Ero Copper will post 2.0165631 earnings per share 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.