Ero Copper (TSE:ERO) Price Target Raised to C$42.00

Ero Copper (TSE:ERO) had its price objective increased by CIBC from C$37.00 to C$42.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Jefferies Financial Group upped their target price on Ero Copper from C$34.00 to C$37.00 in a report on Friday, October 17th. National Bankshares boosted their price target on shares of Ero Copper from C$27.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 8th. Cibc World Mkts lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. TD Securities downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$24.00 to C$33.00 in a research note on Tuesday, October 21st. Finally, Canaccord Genuity Group lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ero Copper has a consensus rating of “Hold” and an average target price of C$33.60.

Ero Copper Price Performance

TSE:ERO opened at C$34.58 on Friday. The firm has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of -0.72 and a beta of 1.64. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$37.35. The stock’s 50 day moving average price is C$31.02 and its two-hundred day moving average price is C$24.42. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17.

Ero Copper (TSE:ERO) last announced its earnings results on Tuesday, November 4th. The company reported C$0.27 EPS for the quarter. The firm had revenue of C$246.59 million for the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%. On average, analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current year.

Ero Copper Company Profile

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.