Ero Copper (TSE:ERO) Price Target Raised to C$42.00

Ero Copper (TSE:ERO) had its target price upped by stock analysts at CIBC from C$37.00 to C$42.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 21.21% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Scotiabank upgraded Ero Copper from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$33.00 to C$36.00 in a research report on Thursday, November 6th. Canaccord Genuity Group lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Raymond James Financial increased their price target on Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a report on Tuesday. Jefferies Financial Group lifted their price objective on shares of Ero Copper from C$34.00 to C$37.00 in a research report on Friday, October 17th. Finally, Stifel Canada downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$33.60.

Ero Copper Stock Down 1.3%

TSE ERO traded down C$0.45 during trading on Friday, reaching C$34.65. 248,653 shares of the company’s stock were exchanged, compared to its average volume of 375,617. The company has a 50 day moving average price of C$30.85 and a two-hundred day moving average price of C$24.23. The stock has a market cap of C$3.60 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of -0.72 and a beta of 1.64. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$37.35. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper (TSE:ERO) last issued its earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$246.59 million during the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. On average, equities research analysts anticipate that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Ero Copper Company Profile

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.