Ero Copper (TSE:ERO) Given a C$30.00 Price Target by Jefferies Financial Group Analysts

Jefferies Financial Group set a C$30.00 target price on Ero Copper (TSE:ERO) in a research note published on Friday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

ERO has been the topic of a number of other research reports. Pi Financial upgraded Ero Copper from a neutral rating to a buy rating in a report on Thursday, April 18th. BMO Capital Markets boosted their target price on Ero Copper from C$23.00 to C$23.50 and gave the stock a market perform rating in a report on Friday, March 8th. Cormark raised their price target on shares of Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. National Bankshares lifted 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 report on Thursday, February 22nd. Finally, Scotiabank increased their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a sector perform rating in a research report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average target price of C$27.08.

Ero Copper Stock Performance

Shares of ERO opened at C$28.96 on Friday. The company has a market capitalization of C$2.98 billion, a price-to-earnings ratio of 21.61, a PEG ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.12. The company’s 50 day simple moving average is C$26.22 and its 200 day simple moving average is C$21.98.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The business 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, sell-side analysts predict that Ero Copper will post 2.0391588 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.