Ero Copper (TSE:ERO) PT Raised to C$27.00 at Raymond James
Ero Copper (TSE:ERO) had its price objective hoisted by research analysts at Raymond James from C$26.00 to C$27.00 in a report released on Tuesday, Analyst Price Targets reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 23.01% from the company’s previous close.
A number of other brokerages have also recently issued reports on ERO. BMO Capital Markets raised their target price on shares of Ero Copper from C$23.00 to C$24.00 in a report on Tuesday, February 23rd. Canaccord Genuity boosted their price objective on Ero Copper from C$25.00 to C$26.00 in a research report on Friday, January 8th. TD Securities upped their price objective on Ero Copper from C$22.00 to C$23.00 in a research note on Wednesday, December 16th. CIBC reiterated an “outperform” rating on shares of Ero Copper in a research note on Wednesday, March 3rd. Finally, Cormark upped their price target on shares of Ero Copper from C$25.00 to C$27.50 and gave the stock a “strong-buy” rating in a research report on Friday, March 19th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$24.78.
Ero Copper stock opened at C$21.95 on Tuesday. Ero Copper has a 1 year low of C$11.30 and a 1 year high of C$25.14. The firm’s 50-day moving average is C$22.77 and its 200-day moving average is C$20.63. The company has a debt-to-equity ratio of 79.34, a quick ratio of 1.01 and a current ratio of 1.39. The company has a market cap of C$1.93 billion and a P/E ratio of 39.20.
Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver deposits. Its principal property is the Vale do CuraÃ§Ã¡ property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.
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