Ero Copper (TSE:ERO) Price Target Raised to C$45.00 at TD Securities

Ero Copper (TSE:ERO) had its price objective hoisted by TD Securities from C$33.00 to C$45.00 in a report released on Thursday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 4.58% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Raymond James Financial lifted their price objective on Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Cibc World Mkts lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Scotiabank boosted their target price on Ero Copper from C$36.00 to C$45.00 in a report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$36.00.

Ero Copper Price Performance

TSE:ERO traded down C$0.02 during mid-day trading on Thursday, hitting C$43.03. The company’s stock had a trading volume of 179,997 shares, compared to its average volume of 484,953. The company has a market capitalization of C$4.47 billion, a price-to-earnings ratio of 32.35, a P/E/G ratio of -0.72 and a beta of 1.97. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$44.52. The stock has a fifty day moving average of C$36.56 and a 200-day moving average of C$28.38.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%.The company had revenue of C$246.59 million for the quarter. As a group, equities analysts forecast that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Ero Copper Company Profile