Ero Copper Corp. (TSE:ERO) Stock Has Average Price Target of C$48.67

Shares of Ero Copper Corp. (TSE:ERO) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$48.67.

Several analysts have recently weighed in on the stock. TD lifted their price target on shares of Ero Copper from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce increased their price objective on Ero Copper from C$52.00 to C$56.00 in a research note on Wednesday, September 23rd. BMO Capital Markets reissued an “outperform” rating and issued a C$52.00 price objective on shares of Ero Copper in a research note on Monday, September 21st. 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. Jefferies Financial Group cut their price target on Ero Copper from C$42.00 to C$39.00 in a research note on Monday, July 13th. Finally, Freedom Broker lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd.

Ero Copper Trading Up 0.7%

Shares of ERO opened at C$48.59 on Tuesday. The firm has a market capitalization of C$5.07 billion, a price-to-earnings ratio of 16.47, a PEG ratio of -0.72 and a beta of 1.58. The company has a debt-to-equity ratio of 47.25, a current ratio of 1.37 and a quick ratio of 1.43. Ero Copper has a 1-year low of C$27.22 and a 1-year high of C$56.62. The company has a 50-day moving average of C$50.59 and a 200 day moving average of C$43.04.

Ero Copper (TSE:ERO) last issued its earnings results on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. The business had revenue of C$403.95 million for the quarter. Ero Copper had a net margin of 29.72% and a return on equity of 30.09%. On average, research analysts expect that Ero Copper will post 4.74 EPS for the current year.

Ero Copper Company Profile

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.