Ero Copper (TSE:ERO) PT Raised to C$34.00

Ero Copper (TSE:ERO) had its target price raised by research analysts at Canaccord Genuity Group from C$26.00 to C$34.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 21.47% from the company’s current price.

ERO has been the topic of several other research reports. CIBC dropped their price objective on shares of Ero Copper from C$25.00 to C$24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. BMO Capital Markets raised their price target 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. Cormark raised their price target on shares of Ero Copper from C$23.50 to C$26.50 in a research note on Monday, March 11th. Scotiabank raised their price target on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 6th. Finally, National Bankshares raised their price target on shares of Ero Copper from C$22.50 to C$24.00 and gave the company a “sector perform” rating in a research note on Thursday, February 22nd. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$25.88.

Ero Copper Price Performance

ERO opened at C$27.99 on Wednesday. The firm has a market cap of C$2.88 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.12. The company’s 50-day moving average price is C$24.55 and its 200 day moving average price is C$21.38. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The business had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. As a group, sell-side analysts expect that Ero Copper will post 2.0165631 earnings per share for the current 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.