Ero Copper (TSE:ERO) Stock Rating Upgraded by Canaccord Genuity Group

Ero Copper (TSE:ERO) was upgraded by research analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial boosted their target price on shares of Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Stifel Canada downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Jefferies Financial Group cut Ero Copper from a “buy” rating to a “hold” rating and upped their target price for the stock from C$37.00 to C$40.00 in a research note on Monday, December 8th. Stifel Nicolaus lowered Ero Copper from a “buy” rating to a “hold” rating and lifted their price target for the company from C$26.00 to C$37.00 in a research note on Tuesday, October 21st. Finally, National Bankshares boosted their price target on Ero Copper from C$27.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and a consensus target price of C$34.80.

Ero Copper Stock Performance

TSE:ERO opened at C$42.50 on Wednesday. The stock has a fifty day moving average price of C$35.45 and a 200-day moving average price of C$27.72. The company has a market cap of C$4.42 billion, a price-to-earnings ratio of 31.95, a PEG ratio of -0.72 and a beta of 1.97. 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 has a fifty-two week low of C$13.17 and a fifty-two week high of C$44.00.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 EPS for the quarter. The company 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 anticipate that Ero Copper will post 4.7442244 EPS for the current fiscal year.

About Ero Copper