Ero Copper (TSE:ERO) Price Target Raised to C$30.00 at Eight Capital

Ero Copper (TSE:ERO) had its target price lifted by Eight Capital from C$23.50 to C$30.00 in a report issued on Monday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

ERO has been the topic of a number of other research reports. TD Securities increased their price objective on Ero Copper from C$24.00 to C$25.00 and gave the stock a hold rating in a report on Friday, March 8th. National Bankshares increased their price objective on Ero Copper from C$22.50 to C$24.00 and gave the stock a sector perform rating in a report on Thursday, February 22nd. CIBC increased their price objective on Ero Copper from C$24.00 to C$28.50 and gave the stock a neutral rating in a report on Wednesday, April 17th. Pi Financial raised Ero Copper from a neutral rating to a buy rating in a report on Thursday, April 18th. Finally, Cormark increased their price objective on Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of C$26.50.

Ero Copper Stock Down 4.0 %

Shares of TSE ERO opened at C$26.60 on Monday. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. The business’s fifty day moving average price is C$24.94 and its 200-day moving average price is C$21.50. The stock has a market capitalization of C$2.73 billion, a PE ratio of 20.00, a P/E/G ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The company had revenue of C$158.50 million for the quarter, compared to analysts’ expectations of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. On average, equities research analysts anticipate that Ero Copper will post 2.0165631 EPS for the current year.

About Ero Copper

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.