Scotiabank Boosts Ero Copper (TSE:ERO) Price Target to C$32.00

Ero Copper (TSE:ERO) had its price objective boosted by investment analysts at Scotiabank from C$30.00 to C$32.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 7.10% from the stock’s current price.

A number of other equities analysts have also recently weighed in on ERO. TD Securities upped their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Friday, March 8th. Raymond James upped their price target on Ero Copper from C$26.00 to C$30.00 in a report on Tuesday, April 23rd. Canaccord Genuity Group upped their price target on Ero Copper from C$26.00 to C$34.00 in a report on Wednesday, April 17th. Cormark upped their price target on Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Finally, Jefferies Financial Group set a C$30.00 price target on Ero Copper and gave the stock a “hold” rating in a report on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$28.62.

Ero Copper Trading Up 1.9 %

ERO traded up C$0.56 on Thursday, reaching C$29.88. 280,247 shares of the company’s stock were exchanged, compared to its average volume of 312,619. The company’s 50 day moving average is C$26.47 and its 200-day moving average is C$22.10. The company has a market cap of C$3.07 billion, a price-to-earnings ratio of 22.19, a PEG ratio of -0.72 and a beta of 2.14. Ero Copper has a twelve month low of C$15.72 and a twelve month 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.

Ero Copper (TSE:ERO) last posted its earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The business had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. Equities analysts predict that Ero Copper will post 2.0391588 earnings per share 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.