Ero Copper (TSE:ERO – Get Free Report) had its price target raised by investment analysts at Canaccord Genuity Group from C$26.00 to C$34.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 21.47% from the stock’s current price.
Other equities analysts have also issued reports about the stock. Raymond James raised their target price on shares of Ero Copper from C$25.00 to C$26.00 in a report on Wednesday, March 20th. Cormark lifted their price target on shares of Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Scotiabank lifted their price target on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. Pi Financial lowered shares of Ero Copper from a “buy” rating to a “neutral” rating and lifted their price target for the company from C$24.00 to C$27.00 in a report on Friday, March 8th. Finally, BMO Capital Markets lifted their price target on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a “market perform” rating in a report on Friday, March 8th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$25.88.
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Ero Copper Price Performance
Ero Copper (TSE:ERO – Get Free Report) last released its earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The firm had revenue of C$158.50 million during the quarter, compared to the consensus estimate of C$143.80 million. Analysts forecast that Ero Copper will post 2.0165631 EPS for the current 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.
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