Analysts Set Ero Copper Corp. (TSE:ERO) Target Price at C$24.92

Shares of Ero Copper Corp. (TSE:EROGet Free Report) have earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$24.92.

ERO has been the subject of several recent research reports. Canaccord Genuity Group cut their price target on Ero Copper from C$29.00 to C$27.00 and set a “buy” rating for the company in a report on Friday, January 12th. Eight Capital set a C$23.50 price target on Ero Copper and gave the company a “neutral” rating in a report on Wednesday, December 6th. TD Securities increased their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, March 8th. Cormark increased their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Finally, BMO Capital Markets raised their target price on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a “market perform” rating in a research note on Friday, March 8th.

Check Out Our Latest Report on ERO

Ero Copper Price Performance

ERO opened at C$25.80 on Thursday. The firm has a market cap of C$2.65 billion, a PE ratio of 19.55, a P/E/G ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.12. The stock has a 50-day moving average price of C$21.69 and a 200-day moving average price of C$21.12.

Ero Copper Company Profile

(Get Free Report

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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