Ero Copper (TSE:ERO) Price Target Raised to C$32.00 at CIBC

Ero Copper (TSE:ERO) had its target price upped by CIBC from C$28.50 to C$32.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts also recently commented on the company. TD Securities increased their price objective on Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a report on Friday, March 8th. Raymond James boosted their price objective on shares of Ero Copper from C$26.00 to C$30.00 in a research report on Tuesday, April 23rd. Eight Capital increased their target price on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a neutral rating in a research report on Monday, April 22nd. National Bankshares upped their price objective 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. Finally, Canaccord Genuity Group lifted their target price on Ero Copper from C$26.00 to C$34.00 in a research report on Wednesday, April 17th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Ero Copper has a consensus rating of Hold and a consensus price target of C$27.35.

Ero Copper Stock Performance

Shares of ERO opened at C$29.32 on Wednesday. The stock has a 50-day simple moving average of C$26.47 and a 200-day simple moving average of C$22.10. The stock has a market capitalization of C$3.01 billion, a PE ratio of 21.88, a PEG ratio of -0.72 and a beta of 2.14. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.12. 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 (TSE:ERO) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The firm had revenue of C$158.50 million during the quarter, compared to analysts’ expectations of C$143.80 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. On average, analysts predict that Ero Copper will post 2.0391588 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.