Ero Copper Corp. (TSE:ERO) Receives C$33.96 Consensus Price Target from Brokerages

Shares of Ero Copper Corp. (TSE:ERO) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$33.96.

Several research analysts have issued reports on the stock. TD Securities dropped their target price on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Scotiabank increased their target price on shares of Ero Copper from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group dropped their target price on shares of Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Ventum Financial dropped their target price on shares of Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd.

Ero Copper Trading Down 0.4 %

ERO stock opened at C$26.93 on Friday. The company has a market capitalization of C$2.78 billion, a PE ratio of -103.58, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 12 month low of C$15.72 and a 12 month high of C$32.89. The firm’s 50-day moving average is C$28.02 and its 200 day moving average is C$28.31. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.23 by C$0.02. The company had revenue of C$160.22 million for the quarter, compared to the consensus estimate of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. On average, research analysts anticipate that Ero Copper will post 4.7442244 EPS for the current year.

About Ero Copper

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.