Ero Copper Corp. (TSE:ERO) Receives C$31.85 Average PT from Analysts

Ero Copper Corp. (TSE:EROGet Free Report) has received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$32.15.

ERO has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on shares of Ero Copper from C$34.00 to C$36.00 and gave the company a “buy” rating in a report on Monday, May 13th. BMO Capital Markets raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$37.00 to C$41.00 in a report on Wednesday. Jefferies Financial Group reduced their price target on shares of Ero Copper from C$30.00 to C$29.00 in a report on Thursday, June 6th. Ventum Financial downgraded shares of Ero Copper from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$31.50 to C$33.00 in a research note on Tuesday, May 28th. Finally, Ventum Cap Mkts downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 28th.

Check Out Our Latest Report on Ero Copper

Insider Buying and Selling

In other news, Director Lyle Braaten sold 1,208 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$29.69, for a total value of C$35,865.52. Over the last quarter, insiders sold 16,208 shares of company stock valued at $464,151. Insiders own 10.93% of the company’s stock.

Ero Copper Stock Up 4.3 %

ERO stock opened at C$30.00 on Friday. The company has a market cap of C$3.09 billion, a P/E ratio of 33.71, a P/E/G ratio of -0.72 and a beta of 2.12. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.89. The company’s 50-day moving average price is C$28.83 and its 200 day moving average price is C$24.98. The company has a current ratio of 0.82, a quick ratio of 1.43 and a debt-to-equity ratio of 62.41.

Ero Copper (TSE:EROGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.07 by C$0.15. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. The company had revenue of C$142.63 million for the quarter, compared to the consensus estimate of C$141.98 million. On average, research analysts expect that Ero Copper will post 2.2548878 earnings per share for the current fiscal year.

Ero Copper Company Profile

(Get Free Report

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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Analyst Recommendations for Ero Copper (TSE:ERO)

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