TD Securities Boosts Ero Copper (TSE:ERO) Price Target to C$22.00

Ero Copper (TSE:ERO – Get Rating) had its price target hoisted by equities researchers at TD Securities from C$19.50 to C$22.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 2.47% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. CIBC decreased their price target on Ero Copper from C$18.00 to C$17.00 in a research report on Monday, December 5th. Barclays raised their target price on shares of Ero Copper from C$18.00 to C$19.00 in a research note on Wednesday, November 9th. Stifel Nicolaus decreased their price target on shares of Ero Copper from C$27.00 to C$25.00 in a report on Wednesday, November 9th. Raymond James lifted their price objective on shares of Ero Copper from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a report on Wednesday, November 9th. Finally, Cormark increased their target price on Ero Copper from C$21.50 to C$22.50 in a research note on Thursday, November 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Ero Copper presently has an average rating of “Hold” and a consensus price target of C$20.83.

Ero Copper Stock Down 0.5 %

Ero Copper stock opened at C$21.47 on Thursday. The company has a debt-to-equity ratio of 16.78, a quick ratio of 1.43 and a current ratio of 1.70. The stock has a market cap of C$1.96 billion and a PE ratio of 9.89. Ero Copper has a fifty-two week low of C$10.54 and a fifty-two week high of C$21.90. The firm’s 50-day simple moving average is C$18.35 and its 200 day simple moving average is C$15.37.

Ero Copper (TSE:ERO – Get Rating) last released its earnings results on Tuesday, November 1st. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.20). The business had revenue of C$112.10 million for the quarter, compared to analysts’ expectations of C$128.97 million. Research analysts predict that Ero Copper will post 1.55 EPS for the current fiscal year.

About Ero Copper

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Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.