Ero Copper (NYSE:ERO) Price Target Raised to C$21.00

Ero Copper (NYSE:ERO – Get Rating) had its target price upped by investment analysts at National Bank Financial from C$20.00 to C$21.00 in a research note issued on Thursday, The Fly reports. National Bank Financial also issued estimates for Ero Copper’s FY2022 earnings at $1.13 EPS and FY2025 earnings at $2.86 EPS.

Several other analysts have also issued reports on ERO. StockNews.com assumed coverage on shares of Ero Copper in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Barclays lowered shares of Ero Copper to an “equal weight” rating in a research report on Monday, October 17th.

Ero Copper Price Performance

Shares of ERO opened at $16.05 on Thursday. The company has a market capitalization of $1.48 billion, a PE ratio of 10.56 and a beta of 0.81. Ero Copper has a one year low of $8.07 and a one year high of $16.72. The company’s fifty day moving average price is $13.59 and its 200 day moving average price is $11.50.

Ero Copper (NYSE:ERO – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.19). The business had revenue of $85.91 million for the quarter, compared to the consensus estimate of $93.50 million. Analysts anticipate that Ero Copper will post 0.92 earnings per share for the current year.

Institutional Trading of Ero Copper

An institutional investor recently bought a new position in Ero Copper stock. Integrated Investment Consultants LLC bought a new stake in shares of Ero Copper Corp. (NYSE:ERO – Get Rating) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 11,793 shares of the company’s stock, valued at approximately $130,000. Hedge funds and other institutional investors own 47.09% of the company’s stock.

Ero Copper Company Profile

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Ero Copper Corp. engages in the exploration, development, and mining of mineral properties in Brazil. It also produces and sells copper, gold, silver products. The company was founded on May 16, 2016 and is headquartered in Vancouver, Canada.