Ero Copper Corp. (TSE:ERO) Stock Has Average Target Price of C$48.33 According to Analysts

Shares of Ero Copper Corp. (TSE:ERO) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$48.33.

ERO has been the topic of several analyst reports. Royal Bank Of Canada increased their price target on Ero Copper from C$52.00 to C$53.00 in a report on Tuesday, July 21st. Freedom Broker cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. TD upped 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 report on Friday, August 7th. Bank of America upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating and raised their target price for the company from C$41.00 to C$49.00 in a research note on Thursday, July 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$52.00 target price on shares of Ero Copper in a research note on Monday. The rating follows a visit to ERO Copper’s operations after the company’s investor day. Matthew Murphy noted progress across the company’s assets.

Ero Copper Stock Performance

ERO opened at C$52.49 on Friday. The company has a debt-to-equity ratio of 47.25, a quick ratio of 1.43 and a current ratio of 1.37. The company has a market cap of C$5.47 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of -0.72 and a beta of 1.87. The stock has a 50-day moving average of C$46.26 and a 200-day moving average of C$41.08. Ero Copper has a 52-week low of C$25.12 and a 52-week high of C$56.62.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 earnings per share 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 for the quarter. As a group, equities research analysts forecast that Ero Copper will post 4.7442244 earnings per share for the current fiscal 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.