Ero Copper (TSE:ERO) Given a C$30.00 Price Target by Jefferies Financial Group Analysts

Jefferies Financial Group set a C$30.00 price objective on Ero Copper (TSE:ERO) in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets raised their price target on Ero Copper from C$23.00 to C$23.50 and gave the stock a market perform rating in a research note on Friday, March 8th. Eight Capital boosted their target price on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a neutral rating in a research report on Monday, April 22nd. CIBC upped their target price on shares of Ero Copper from C$24.00 to C$28.50 and gave the company a neutral rating in a report on Wednesday, April 17th. Scotiabank boosted their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a sector perform rating in a research report on Tuesday, February 6th. Finally, Pi Financial upgraded Ero Copper from a neutral rating to a buy rating in a research note on Thursday, April 18th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of C$27.08.

Ero Copper Stock Performance

Ero Copper stock opened at C$28.51 on Friday. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.12. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09. The stock’s 50 day moving average is C$26.08 and its 200 day moving average is C$21.91. The company has a market capitalization of C$2.93 billion, a P/E ratio of 21.28, a PEG ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The firm had revenue of C$158.50 million during the quarter, compared to analysts’ expectations of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. On average, equities research analysts predict that Ero Copper will post 2.0391588 earnings per share for the current fiscal 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.