Ero Copper (TSE:ERO) Price Target Raised to C$55.00

Ero Copper (TSE:ERO) had its price objective boosted by National Bank Financial from C$52.50 to C$55.00 in a research note issued to investors on Monday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group decreased their target price on Ero Copper from C$42.00 to C$39.00 in a report on Monday, July 13th. TD boosted their price objective on shares of Ero Copper from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Royal Bank Of Canada raised their target price on shares of Ero Copper from C$52.00 to C$53.00 in a research note on Tuesday, July 21st. Stifel Nicolaus upped their price target on shares of Ero Copper from C$52.00 to C$53.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Finally, Freedom Broker downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$48.33.

Ero Copper Stock Performance

TSE:ERO opened at C$51.46 on Monday. The company has a market cap of C$5.37 billion, a P/E ratio of 17.44, a P/E/G ratio of -0.72 and a beta of 1.87. The firm’s 50 day moving average is C$45.90 and its two-hundred day moving average is C$40.97. Ero Copper has a fifty-two week low of C$24.76 and a fifty-two week high of C$56.62. The company has a quick ratio of 1.43, a current ratio of 1.37 and a debt-to-equity ratio of 47.25.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. Ero Copper had a return on equity of 30.09% and a net margin of 29.72%.The business had revenue of C$403.95 million during the quarter. Analysts expect that Ero Copper will post 4.7442244 EPS for the current year.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.