Ero Copper (TSE:ERO) PT Raised to C$32.00

Ero Copper (TSE:ERO) had its price objective hoisted by analysts at CIBC from C$28.50 to C$32.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 10.42% from the stock’s previous close.

A number of other equities research analysts have also recently commented on ERO. TD Securities lifted their price target on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Friday, March 8th. BMO Capital Markets upped their price objective on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a report on Friday, March 8th. National Bankshares increased their target price on Ero Copper from C$22.50 to C$24.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 22nd. Canaccord Genuity Group increased their price objective on shares of Ero Copper from C$26.00 to C$34.00 in a research report on Wednesday, April 17th. Finally, Pi Financial upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating in a report on Thursday, April 18th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$27.35.

Ero Copper Stock Up 1.0 %

Ero Copper stock traded up C$0.28 during trading on Wednesday, hitting C$28.98. 174,227 shares of the company were exchanged, compared to its average volume of 310,435. The business’s 50 day moving average is C$26.34 and its 200 day moving average is C$22.05. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.12. The company has a market capitalization of C$2.98 billion, a P/E ratio of 21.43, a PEG ratio of -0.72 and a beta of 2.14. The company has a current ratio of 1.15, a quick ratio of 1.43 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 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The company had revenue of C$158.50 million for the quarter, compared to the consensus estimate of C$143.80 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. Analysts predict that Ero Copper will post 2.0391588 earnings per share 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.