Ero Copper (TSE:ERO) Price Target Increased to C$30.00 by Analysts at Eight Capital

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

Other equities research analysts have also recently issued research reports about the stock. CIBC boosted their target price on shares of Ero Copper from C$24.00 to C$28.50 and gave the company a neutral rating in a report on Wednesday, April 17th. Scotiabank upped their price target on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a sector perform rating in a report on Tuesday, February 6th. National Bankshares upped their target price on shares of Ero Copper from C$22.50 to C$24.00 and gave the stock a sector perform rating in a research report on Thursday, February 22nd. BMO Capital Markets upped their target price 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. Finally, Raymond James upped their target price on shares of Ero Copper from C$25.00 to C$26.00 in a research report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ero Copper currently has an average rating of Hold and a consensus price target of C$26.83.

Ero Copper Price Performance

Shares of TSE ERO opened at C$26.06 on Monday. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.12. The stock’s 50 day moving average price is C$25.31 and its 200-day moving average price is C$21.59. The company has a market capitalization of C$2.68 billion, a PE ratio of 19.59, a PEG ratio of -0.72 and a beta of 2.14. 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 posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$158.50 million during the quarter, compared to the consensus estimate of C$143.80 million. On average, equities analysts anticipate 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.