Brokerages Set Ero Copper Corp. (TSE:ERO) Price Target at C$26.83

Ero Copper Corp. (TSE:ERO) has earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$27.08.

A number of equities analysts have recently issued reports on the company. National Bankshares increased their target price on Ero Copper from C$22.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday, February 22nd. Jefferies Financial Group set a C$30.00 target price on shares of Ero Copper and gave the company a “hold” rating in a research note on Friday. Eight Capital increased their target price on shares of Ero Copper from C$23.50 to C$30.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Canaccord Genuity Group boosted their price target on shares of Ero Copper from C$26.00 to C$34.00 in a research report on Wednesday, April 17th. Finally, TD Securities upped their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Friday, March 8th.

Ero Copper Stock Up 1.9 %

ERO opened at C$28.51 on Friday. The company has a market capitalization of C$2.93 billion, a P/E ratio of 21.28, a P/E/G ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. The firm’s fifty day moving average price is C$26.08 and its two-hundred day moving average price is C$21.91. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.12.

Ero Copper (TSE:ERO) last issued its earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share 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 business had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. On average, analysts anticipate that Ero Copper will post 2.0391588 EPS for the current 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.