Ero Copper Corp. (TSE:ERO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ero Copper Corp. (TSE:ERO) have earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$26.83.

A number of equities research analysts have recently commented on ERO shares. CIBC upped their price objective on shares of Ero Copper from C$24.00 to C$28.50 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Canaccord Genuity Group boosted their price objective on Ero Copper from C$26.00 to C$34.00 in a research note on Wednesday, April 17th. National Bankshares raised their target price 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. TD Securities boosted their price target on Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a research note on Friday, March 8th. Finally, Cormark raised their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th.

Ero Copper Stock Down 0.5 %

Shares of TSE:ERO opened at C$27.97 on Friday. The firm has a market cap of C$2.87 billion, a P/E ratio of 20.87, a P/E/G ratio of -0.72 and a beta of 2.14. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.12. The business has a fifty day simple moving average of C$25.96 and a 200 day simple moving average of C$21.83. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. The company had revenue of C$158.50 million for the quarter, compared to the consensus estimate of C$143.80 million. Analysts predict that Ero Copper will post 2.0391588 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.