Ero Copper Corp. (TSE:ERO) Stock Rated “Moderate Buy” by Sell-Side Analysts

by · The Markets Daily

Ero Copper Corp. (TSE:ERO – Get Free Report) has received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$48.33.

A number of brokerages have recently weighed in on ERO. Canadian Imperial Bank of Commerce increased their price objective on Ero Copper from C$52.00 to C$56.00 in a report on Wednesday, September 23rd. Royal Bank Of Canada lifted their target price on Ero Copper from C$52.00 to C$53.00 in a report on Tuesday, July 21st. Freedom Broker lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a C$52.00 price target on shares of Ero Copper in a report on Monday, September 21st. The rating follows a visit to ERO Copper’s operations after the company’s investor day. Matthew Murphy noted progress across the company’s assets. Finally, TD lifted their price objective on shares of Ero Copper from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, August 7th.

Read Our Latest Analysis on ERO

Ero Copper Trading Down 2.9%

TSE:ERO opened at C$50.75 on Friday. Ero Copper has a 12 month low of C$27.22 and a 12 month high of C$56.62. The firm has a fifty day simple moving average of C$47.86 and a 200-day simple moving average of C$41.60. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 47.25. The company has a market capitalization of C$5.29 billion, a P/E ratio of 17.20, a PEG ratio of -0.72 and a beta of 1.87.

Ero Copper (TSE:ERO – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$1.18 earnings per share (EPS) for the quarter. Ero Copper had a return on equity of 30.09% and a net margin of 29.72%.The firm had revenue of C$403.95 million for the quarter. On average, equities research analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current year.

About Ero Copper

(Get Free Report)

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.

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