Shares of Ero Copper Corp. (TSE:ERO – Get Free Report) have been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$27.08.
Several equities research analysts have recently issued reports on the stock. Eight Capital increased their target price on shares of Ero Copper from C$23.50 to C$30.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. National Bankshares boosted their price objective 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. TD Securities increased 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 report on Friday, March 8th. BMO Capital Markets raised their price target on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a “market perform” rating in a research note on Friday, March 8th. Finally, Raymond James boosted their price objective on Ero Copper from C$26.00 to C$30.00 in a research note on Tuesday, April 23rd.
Read Our Latest Analysis on Ero Copper
Ero Copper Stock Performance
Ero Copper (TSE:ERO – Get Free Report) last announced 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 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. On average, equities analysts forecast that Ero Copper will post 2.0391588 earnings per share 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.
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