Ero Copper (TSE:ERO) PT Raised to C$28.50 at CIBC

Ero Copper (TSE:ERO) had its price objective hoisted by stock analysts at CIBC from C$24.00 to C$28.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price indicates a potential upside of 1.82% from the stock’s previous close.

Several other equities analysts also recently commented on ERO. Scotiabank upped their price objective on 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. BMO Capital Markets upped their price objective on Ero Copper from C$23.00 to C$23.50 and gave the company a “market perform” rating in a research report on Friday, March 8th. TD Securities upped their price objective on 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. Raymond James upped their price objective on Ero Copper from C$25.00 to C$26.00 in a research report on Wednesday, March 20th. Finally, Pi Financial downgraded Ero Copper from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$24.00 to C$27.00 in a research report on Friday, March 8th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$25.88.

Ero Copper Stock Performance

TSE ERO opened at C$27.99 on Wednesday. The company has a market cap of C$2.88 billion, a P/E ratio of 20.65, a P/E/G ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. The business’s 50 day moving average price is C$24.55 and its 200-day moving average price is C$21.38. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.12.

Ero Copper (TSE:ERO) last released 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 company 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%. Sell-side analysts predict that Ero Copper will post 2.0165631 earnings per share 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.