Ero Copper (TSE:ERO) Stock Price Expected to Rise, Scotiabank Analyst Says

Ero Copper (TSE:ERO) had its price objective raised by research analysts at Scotiabank from C$36.00 to C$45.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 13.90% from the company’s previous close.

A number of other research firms also recently commented on ERO. Jefferies Financial Group downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and raised their target price for the company from C$37.00 to C$40.00 in a research report on Monday, December 8th. Stifel Canada lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. National Bankshares increased their target price on Ero Copper from C$27.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 8th. Raymond James Financial lifted their price target on Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$34.80.

Ero Copper Trading Down 1.2%

ERO traded down C$0.47 during trading on Thursday, hitting C$39.51. 139,552 shares of the stock were exchanged, compared to its average volume of 440,896. The firm has a 50 day simple moving average of C$34.21 and a 200 day simple moving average of C$27.05. The firm has a market cap of C$4.10 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of -0.72 and a beta of 1.97. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$43.20. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$246.59 million for the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%. As a group, equities analysts expect that Ero Copper will post 4.7442244 EPS for the current year.

About Ero Copper