Ero Copper Corp. (TSE:ERO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Ero Copper Corp. (TSE:EROGet Free Report) have received an average recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$33.90.

Several equities analysts recently commented on the company. Raymond James Financial upped their price objective on Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. National Bankshares increased their price target on Ero Copper from C$27.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 8th. Stifel Canada lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Scotiabank raised shares of Ero Copper from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$33.00 to C$36.00 in a report on Thursday, November 6th. Finally, Canaccord Genuity Group lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th.

Read Our Latest Research Report on ERO

Ero Copper Price Performance

ERO opened at C$37.50 on Wednesday. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$37.78. The firm has a 50-day moving average of C$32.23 and a 200 day moving average of C$25.69. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The firm has a market cap of C$3.90 billion, a P/E ratio of 28.20, a PEG ratio of -0.72 and a beta of 1.64.

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

About Ero Copper

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Analyst Recommendations for Ero Copper (TSE:ERO)

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