Ero Copper (TSE:ERO) Price Target Raised to C$30.00 at Raymond James

Ero Copper (TSE:ERO) had its price objective upped by Raymond James from C$26.00 to C$30.00 in a report issued on Tuesday, BayStreet.CA reports. Raymond James also issued estimates for Ero Copper’s Q1 2024 earnings at $0.06 EPS, Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.

Several other analysts also recently weighed in on the stock. Cormark boosted their price target on shares of Ero Copper from C$23.50 to C$26.50 in a research note on Monday, March 11th. Eight Capital boosted their price objective 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. Pi Financial upgraded shares of Ero Copper from a neutral rating to a buy rating in a research report on Thursday, April 18th. TD Securities boosted their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a research report on Friday, March 8th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of C$26.83.

Ero Copper Stock Performance

Ero Copper stock opened at C$26.27 on Tuesday. 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 company 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 firm has a fifty day simple moving average of C$25.08 and a two-hundred day simple moving average of C$21.53. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.12.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The business had revenue of C$158.50 million during the quarter, compared to the consensus estimate of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. Research analysts expect that Ero Copper will post 2.0165631 EPS for the current year.

About Ero Copper

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.