Brokerages Set Ero Copper Corp. (TSE:ERO) PT at C$26.83

Ero Copper Corp. (TSE:ERO) has been given an average rating of “Hold” by the eleven brokerages that are covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$27.08.

A number of equities analysts recently commented on ERO shares. Cormark boosted their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a research note on Monday, March 11th. Jefferies Financial Group set a C$30.00 price objective on Ero Copper and gave the company a “hold” rating in a research report on Friday, May 3rd. Eight Capital boosted their target price on shares of Ero Copper from C$23.50 to C$30.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Canaccord Genuity Group raised their price target on shares of Ero Copper from C$26.00 to C$34.00 in a report on Wednesday, April 17th. Finally, CIBC boosted their price objective on shares of Ero Copper from C$24.00 to C$28.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th.

Ero Copper Stock Down 0.9 %

TSE ERO opened at C$28.70 on Friday. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.12. The firm has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 21.42, a PEG ratio of -0.72 and a beta of 2.14. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09. The company has a fifty day moving average of C$26.34 and a two-hundred day moving average of C$22.05.

Ero Copper (TSE:ERO) last released its earnings results 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 the consensus estimate of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. On average, analysts predict that Ero Copper will post 2.0391588 earnings per share 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.