Ero Copper (TSE:ERO) Price Target Raised to C$32.00 at CIBC

Ero Copper (TSE:ERO) had its price objective boosted by CIBC from C$28.50 to C$32.00 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other analysts also recently weighed in on ERO. BMO Capital Markets lifted their target price on Ero Copper from C$23.00 to C$23.50 and gave the company a market perform rating in a research note on Friday, March 8th. National Bankshares boosted their price objective on Ero Copper from C$22.50 to C$24.00 and gave the stock a sector perform rating in a research note on Thursday, February 22nd. Cormark boosted their price objective on Ero Copper from C$23.50 to C$26.50 in a research note on Monday, March 11th. Raymond James boosted their price objective on Ero Copper from C$26.00 to C$30.00 in a research note on Tuesday, April 23rd. Finally, Eight Capital boosted their price objective on Ero Copper from C$23.50 to C$30.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of C$27.35.

Ero Copper Stock Up 2.2 %

Shares of Ero Copper stock opened at C$29.32 on Wednesday. The business’s fifty day moving average price is C$26.47 and its two-hundred day moving average price is C$22.10. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. The company has a market capitalization of C$3.01 billion, a P/E ratio of 21.88, a PEG ratio of -0.72 and a beta of 2.14. Ero Copper has a 1-year low of C$15.72 and a 1-year high of C$32.12.

Ero Copper (TSE:ERO) last announced its 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 for the quarter, compared to the consensus estimate of C$143.80 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. As a group, research analysts forecast that Ero Copper will post 2.0391588 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.