Ero Copper (TSE:ERO) Price Target Raised to C$45.00

Ero Copper (TSE:ERO) had its target price upped by stock analysts at Desjardins from C$37.50 to C$45.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price target points to a potential downside of 1.57% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Cibc World Mkts lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Raymond James Financial lifted their target price on shares of Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. CIBC upped their target price on shares of Ero Copper from C$37.00 to C$42.00 in a research note on Friday, December 5th. Canaccord Genuity Group raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Finally, National Bankshares boosted their price target on 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. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$38.20.

Ero Copper Trading Up 1.6%

Shares of TSE ERO traded up C$0.72 during mid-day trading on Monday, hitting C$45.72. The stock had a trading volume of 400,647 shares, compared to its average volume of 492,354. The firm has a market cap of C$4.75 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97. The business has a 50 day moving average price of C$37.09 and a two-hundred day moving average price of C$28.76. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$48.13.

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

About Ero Copper