Ero Copper Corp. (TSE:ERO) Receives C$33.90 Consensus PT from Analysts

Ero Copper Corp. (TSE:ERO) has been assigned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation 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$33.90.

ERO has been the subject of a number of recent research reports. Jefferies Financial Group cut Ero Copper from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$37.00 to C$40.00 in a research report on Monday, December 8th. Canaccord Genuity Group downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Raymond James Financial lifted their price objective on shares of Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. CIBC upped their price objective on shares of Ero Copper from C$37.00 to C$42.00 in a research report on Friday, December 5th. Finally, TD Securities downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and lifted their target price for the company from C$24.00 to C$33.00 in a report on Tuesday, October 21st.

Ero Copper Trading Up 0.3%

Shares of Ero Copper stock opened at C$37.60 on Wednesday. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$37.78. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The company has a market capitalization of C$3.91 billion, a P/E ratio of 28.27, a PEG ratio of -0.72 and a beta of 1.64. The company’s fifty day moving average is C$32.54 and its two-hundred day moving average is C$25.97.

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. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. The business had revenue of C$246.59 million during the quarter. Analysts forecast that Ero Copper will post 4.7442244 earnings per share for the current year.

Ero Copper Company Profile