CIBC Boosts Ero Copper (TSE:ERO) Price Target to C$28.50

Ero Copper (TSE:ERO) had its price target hoisted by CIBC from C$24.00 to C$28.50 in a research report report published on Wednesday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on ERO. Raymond James raised their price target on Ero Copper from C$25.00 to C$26.00 in a research report on Wednesday, March 20th. TD Securities lifted their price objective on Ero Copper from C$24.00 to C$25.00 and gave the stock a hold rating in a research report on Friday, March 8th. National Bankshares lifted their price objective on Ero Copper from C$22.50 to C$24.00 and gave the stock a sector perform rating in a research report on Thursday, February 22nd. Cormark lifted their price objective on Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. Finally, Scotiabank lifted their price objective on Ero Copper from C$24.00 to C$25.00 and gave the stock a sector perform rating in a research report on Tuesday, February 6th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of C$25.88.

Ero Copper Price Performance

Ero Copper stock opened at C$27.71 on Wednesday. Ero Copper has a one year low of C$15.72 and a one 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. The business has a fifty day moving average of C$24.82 and a two-hundred day moving average of C$21.47. The company has a market cap of C$2.85 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO) last released its earnings results 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). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The business had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. As a group, analysts predict that Ero Copper will post 2.0165631 earnings per share for the current fiscal year.

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.