Ero Copper (TSE:ERO) PT Raised to C$30.00

Ero Copper (TSE:ERO) had its price objective raised by research analysts at Raymond James from C$26.00 to C$30.00 in a report issued on Tuesday, BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 17.65% from the stock’s current price. Raymond James also issued estimates for Ero Copper’s Q1 2024 earnings at $0.06 EPS, Q1 2024 earnings at $0.05 EPS, Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, Q4 2024 earnings at $1.30 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.

Other analysts have also issued reports about the company. Pi Financial upgraded Ero Copper from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th. BMO Capital Markets raised their price objective on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a “market perform” rating in a research report on Friday, March 8th. Canaccord Genuity Group upped their target price on shares of Ero Copper from C$26.00 to C$34.00 in a research report on Wednesday, April 17th. 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 report on Thursday, February 22nd. Finally, Cormark boosted their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$26.83.

Ero Copper Price Performance

Shares of Ero Copper stock opened at C$25.50 on Tuesday. The stock has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of -0.72 and a beta of 2.14. The firm’s 50-day moving average price is C$25.20 and its two-hundred day moving average price is C$21.56. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 55.09. Ero Copper has a 1-year low of C$15.72 and a 1-year high of C$32.12.

Ero Copper (TSE:ERO) last announced its earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. The business had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. On average, equities analysts predict that Ero Copper will post 2.0165631 earnings per share for the current fiscal 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.