Ero Copper (TSE:ERO) Reaches New 12-Month High Following Analyst Upgrade

Posted by Casey Walker on Jan 28th, 2026

Shares of Ero Copper Corp. (TSE:ERO – Get Free Report) reached a new 52-week high on Tuesday after Desjardins raised their price target on the stock from C$37.50 to C$45.00. Desjardins currently has a hold rating on the stock. Ero Copper traded as high as C$48.13 and last traded at C$45.85, with a volume of 622154 shares traded. The stock had previously closed at C$45.00.

Several other research analysts also recently commented on the company. Raymond James Financial lifted their price objective on Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Scotiabank boosted their price target on shares of Ero Copper from C$36.00 to C$45.00 in a research report on Thursday, January 8th. TD Securities upped their price target on Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. CIBC raised their target price on shares of Ero Copper from C$37.00 to C$42.00 in a research note on Friday, December 5th. Finally, Jefferies Financial Group downgraded Ero Copper from a “buy” rating to a “hold” rating and raised their price target for the company from C$37.00 to C$40.00 in a report on Monday, December 8th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Ero Copper currently has an average rating of “Moderate Buy” and a consensus price target of C$38.20.

Get Our Latest Stock Analysis on Ero Copper

Ero Copper Trading Up 4.8%

The stock has a 50 day simple moving average of C$37.77 and a 200-day simple moving average of C$29.13. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. The firm has a market cap of C$4.99 billion, a P/E ratio of 36.12, a P/E/G ratio of -0.72 and a beta of 1.97.

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