Ero Copper (TSE:ERO) Price Target Raised to C$56.00

Ero Copper (TSE:ERO) had its target price boosted by National Bankshares from C$43.00 to C$56.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on the stock. Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a research report on Tuesday, December 30th. Raymond James Financial increased their price target on Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Desjardins raised their price objective on Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Canaccord Genuity Group raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Finally, Scotiabank raised their price target on shares of Ero Copper from C$36.00 to C$45.00 in a research report on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$40.30.

Ero Copper Stock Down 10.8%

Shares of TSE:ERO opened at C$45.68 on Thursday. The company has a market capitalization of C$4.75 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97. The company has a 50 day moving average of C$38.87 and a two-hundred day moving average of C$29.67. Ero Copper has a 52-week low of C$13.17 and a 52-week high of C$53.69. 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 (TSE:ERO) last announced its 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 during the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. As a group, analysts forecast that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

Ero Copper Company Profile