Ero Copper (TSE:ERO) Hits New 1-Year High After Analyst Upgrade

Shares of Ero Copper Corp. (TSE:ERO) reached a new 52-week high during trading 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. The stock had previously closed at C$45.00.

Other research analysts also recently issued reports about the company. Ventum Cap Mkts upgraded Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. CIBC increased their price target on Ero Copper from C$37.00 to C$42.00 in a research report on Friday, December 5th. Jefferies Financial Group downgraded Ero Copper from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$37.00 to C$40.00 in a report on Monday, December 8th. Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th. Finally, Cibc World Mkts downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and an average price target of C$38.20.

Ero Copper Trading Up 1.9%

The firm has a market capitalization of C$5.08 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The company’s 50-day simple moving average is C$38.13 and its 200 day simple moving average is C$29.27.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$246.59 million for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. As a group, sell-side analysts expect that Ero Copper Corp. will post 4.7442244 EPS for the current year.

Ero Copper Company Profile