Ero Copper (TSE:ERO) Price Target Raised to C$34.00 at Canaccord Genuity Group

Ero Copper (TSE:ERO) had its price target lifted by Canaccord Genuity Group from C$26.00 to C$34.00 in a research report released on Wednesday, BayStreet.CA reports.

A number of other analysts have also recently commented on the stock. Pi Financial cut shares of Ero Copper from a buy rating to a neutral rating and upped their target price for the company from C$24.00 to C$27.00 in a report on Friday, March 8th. Raymond James increased their price objective on shares of Ero Copper from C$25.00 to C$26.00 in a research note on Wednesday, March 20th. CIBC reduced their price objective on shares of Ero Copper from C$25.00 to C$24.00 and set a neutral rating for the company in a research note on Tuesday, February 27th. National Bankshares increased their price objective on shares of Ero Copper from C$22.50 to C$24.00 and gave the stock a sector perform rating in a research note on Thursday, February 22nd. Finally, Cormark increased their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a research note on Monday, March 11th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of C$25.88.

Ero Copper Stock Down 1.0 %

Shares of ERO stock opened at C$27.71 on Wednesday. Ero Copper has a 12 month low of C$15.72 and a 12 month high of C$32.12. The stock has a market cap of C$2.85 billion, a P/E ratio of 20.83, a P/E/G ratio of -0.72 and a beta of 2.14. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 55.09. The company has a 50 day simple moving average of C$24.82 and a two-hundred day simple moving average of C$21.47.

Ero Copper (TSE:ERO) last announced 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 for the quarter, compared to analysts’ expectations of C$143.80 million. On average, research analysts expect that Ero Copper will post 2.0165631 earnings per share 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.