Ero Copper Corp. (TSE:ERO – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$33.77.
ERO has been the topic of several analyst reports. Jefferies Financial Group upped their target price on Ero Copper from C$29.00 to C$32.00 in a report on Friday, July 12th. BMO Capital Markets upped their price objective on Ero Copper from C$41.00 to C$43.00 in a research note on Tuesday, July 23rd. Ventum Financial decreased their target price on shares of Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Canaccord Genuity Group boosted their target price on shares of Ero Copper from C$36.00 to C$39.00 in a report on Monday, July 22nd. Finally, TD Securities cut their price target on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating for the company in a research note on Tuesday, August 6th.
Read Our Latest Stock Analysis on ERO
Ero Copper Price Performance
Ero Copper (TSE:ERO – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.23 by C$0.02. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. The firm had revenue of C$160.22 million for the quarter, compared to analyst estimates of C$154.50 million. Equities research analysts anticipate that Ero Copper will post 4.742681 earnings per share for the current fiscal 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.
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