Ero Copper (TSE:ERO) Given New C$30.00 Price Target at Eight Capital

Ero Copper (TSE:ERO) had its price target upped by Eight Capital from C$23.50 to C$30.00 in a research note issued to investors on Monday, BayStreet.CA reports. Eight Capital currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. TD Securities upped their price target 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. Cormark raised their target price on shares of Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Scotiabank boosted their price target on 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 raised their price objective on Ero Copper from C$24.00 to C$28.50 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Finally, National Bankshares upped their target price on Ero Copper from C$22.50 to C$24.00 and gave the company a sector perform rating in a research report on Thursday, February 22nd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of C$26.83.

Ero Copper Stock Down 2.9 %

Ero Copper stock opened at C$25.50 on Monday. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.12. The stock has a market cap of C$2.62 billion, a P/E ratio of 19.17, a P/E/G ratio of -0.72 and a beta of 2.14. The company’s 50-day moving average price is C$25.20 and its two-hundred day moving average price is C$21.56. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09.

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

Ero Copper Company Profile

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.