Ero Copper Corp. (TSE:ERO) Given Consensus Rating of “Hold” by Brokerages

Shares of Ero Copper Corp. (TSE:ERO) have earned an average rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$33.10.

ERO has been the topic of several recent analyst reports. National Bankshares boosted their price objective on shares of Ero Copper from C$27.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Jefferies Financial Group lifted their price target on Ero Copper from C$34.00 to C$37.00 in a report on Friday, October 17th. Stifel Nicolaus lowered Ero Copper from a “buy” rating to a “hold” rating and upped their price objective for the company from C$26.00 to C$37.00 in a research note on Tuesday, October 21st. Ventum Cap Mkts raised Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Scotiabank raised Ero Copper from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$33.00 to C$36.00 in a report on Thursday, November 6th.

Ero Copper Trading Up 0.5%

Shares of Ero Copper stock opened at C$35.15 on Friday. The stock has a market cap of C$3.65 billion, a P/E ratio of 26.43, a P/E/G ratio of -0.72 and a beta of 1.59. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$37.35. The business’s 50 day moving average is C$30.66 and its 200-day moving average is C$24.16.

Ero Copper (TSE:ERO) last issued its earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. The business had revenue of C$246.59 million for the quarter. Equities research analysts predict that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.