Eight Capital Increases Ero Copper (TSE:ERO) Price Target to C$30.00

Ero Copper (TSE:ERO) had its price target lifted by research analysts at Eight Capital from C$23.50 to C$30.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. Eight Capital’s target price suggests a potential upside of 14.20% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Scotiabank upped their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. Canaccord Genuity Group upped their price target on Ero Copper from C$26.00 to C$34.00 in a research note on Wednesday, April 17th. CIBC upped their price target on Ero Copper from C$24.00 to C$28.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. TD Securities upped their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Friday, March 8th. Finally, Raymond James upped their price target on Ero Copper from C$25.00 to C$26.00 in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$26.83.

Ero Copper Trading Down 1.2 %

ERO opened at C$26.27 on Monday. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The stock has a market capitalization of C$2.70 billion, a PE ratio of 19.75, a P/E/G ratio of -0.72 and a beta of 2.14. The business’s 50 day moving average price is C$25.08 and its 200 day moving average price is C$21.53. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. The firm had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. As a group, equities research analysts expect that Ero Copper will post 2.0165631 EPS for the current year.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.