Ero Copper (TSE:ERO) Upgraded to “Buy” at Pi Financial

Pi Financial upgraded shares of Ero Copper (TSE:ERO) from a neutral rating to a buy rating in a research report report published on Thursday, Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Raymond James boosted their price objective on shares of Ero Copper from C$25.00 to C$26.00 in a research note on Wednesday, March 20th. TD Securities boosted 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 note on Friday, March 8th. Scotiabank boosted 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 note on Tuesday, February 6th. CIBC boosted their price objective on shares of Ero Copper from C$24.00 to C$28.50 and gave the company a neutral rating in a research note on Wednesday, April 17th. Finally, BMO Capital Markets upped their price target 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. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Ero Copper presently has an average rating of Hold and an average price target of C$25.96.

Ero Copper Stock Down 1.0 %

ERO stock opened at C$27.71 on Thursday. The stock has a market capitalization of C$2.85 billion, a P/E ratio of 20.83, a PEG 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. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The company has a 50 day moving average price of C$24.82 and a two-hundred day moving average price of C$21.47.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The company had revenue of C$158.50 million for the quarter, compared to analysts’ expectations of C$143.80 million. As a group, sell-side analysts expect that Ero Copper will post 2.0165631 EPS 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.