Ero Copper (TSE:ERO) Price Target Increased to C$40.00 by Analysts at Canaccord Genuity Group

by · The Cerbat Gem

Ero Copper (TSE:ERO – Free Report) had its target price hoisted by Canaccord Genuity Group from C$39.00 to C$40.00 in a report issued on Thursday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages also recently commented on ERO. Jefferies Financial Group raised their price objective on shares of Ero Copper from C$29.00 to C$32.00 in a research report on Friday, July 12th. BMO Capital Markets boosted their price target on shares of Ero Copper from C$41.00 to C$43.00 in a research note on Tuesday, July 23rd. CIBC upgraded shares of Ero Copper from a neutral rating to an outperform rating and boosted their price target for the company from C$32.00 to C$36.00 in a research note on Thursday, June 20th. Raymond James upgraded shares of Ero Copper from a market perform rating to an outperform rating and boosted their price target for the company from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Finally, TD Securities decreased their price target on shares of Ero Copper from C$31.00 to C$30.00 and set a hold rating for the company in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ero Copper currently has a consensus rating of Moderate Buy and a consensus price target of C$34.15.

View Our Latest Report on ERO

Ero Copper Stock Up 1.2 %

Ero Copper stock opened at C$29.71 on Thursday. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.89. The firm has a 50 day moving average price of C$27.57 and a two-hundred day moving average price of C$28.17. The firm has a market cap of C$3.07 billion, a price-to-earnings ratio of -114.27, a PEG ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.23 by C$0.02. The company had revenue of C$160.22 million during the quarter, compared to the consensus estimate of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. Equities analysts predict that Ero Copper will post 4.742681 EPS for the current year.

Ero Copper Company Profile

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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.

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