Ero Copper (TSE:ERO) PT Raised to C$34.00 at Raymond James

Ero Copper (TSE:ERO) had its target price upped by research analysts at Raymond James from C$30.00 to C$34.00 in a report released on Thursday, BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 9.18% from the company’s current price. Raymond James also issued estimates for Ero Copper’s Q2 2024 earnings at $0.35 EPS, Q3 2024 earnings at $1.18 EPS, Q4 2024 earnings at $1.37 EPS, Q2 2025 earnings at $1.18 EPS and Q4 2025 earnings at $1.21 EPS.

Several other research firms also recently commented on ERO. TD Securities upped their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Friday, March 8th. BMO Capital Markets upped their price target on shares of Ero Copper from C$32.00 to C$35.00 and gave the company a “market perform” rating in a research note on Tuesday. Eight Capital lifted their price objective on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Scotiabank increased their target price on Ero Copper from C$30.00 to C$32.00 in a research report on Thursday, May 9th. Finally, Cormark lifted their price target on Ero Copper from C$30.00 to C$32.50 in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$30.75.

Ero Copper Trading Up 3.0 %

Shares of ERO stock opened at C$31.14 on Thursday. The company has a quick ratio of 1.43, a current ratio of 0.82 and a debt-to-equity ratio of 62.41. The firm has a market cap of C$3.21 billion, a P/E ratio of 34.79, a PEG ratio of -0.72 and a beta of 2.12. The company has a 50 day moving average of C$28.02 and a 200-day moving average of C$22.98. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.89.

Ero Copper (TSE:ERO) last released its earnings results 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 firm had revenue of C$158.50 million during the quarter, compared to analysts’ expectations of C$143.80 million. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. Sell-side analysts anticipate that Ero Copper will post 2.2610322 earnings per share for the current year.

Insider Buying and Selling at Ero Copper

In related news, Director Lyle Braaten sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of C$29.45, for a total value of C$147,232.50. Insiders own 10.96% of the company’s stock.

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.