Ero Copper (TSE:ERO) Price Target Raised to C$45.00

Ero Copper (TSE:ERO) had its target price increased by Desjardins from C$37.50 to C$45.00 in a report issued on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other analysts have also commented on ERO. Scotiabank boosted their target price on Ero Copper from C$36.00 to C$45.00 in a research report on Thursday, January 8th. Canaccord Genuity Group upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Freedom Capital upgraded Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. CIBC lifted their price target on shares of Ero Copper from C$37.00 to C$42.00 in a research report on Friday, December 5th. Finally, Stifel Nicolaus downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$26.00 to C$37.00 in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$38.20.

Ero Copper Stock Up 1.9%

Ero Copper stock opened at C$48.93 on Monday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$49.65. The firm’s fifty day moving average is C$38.13 and its 200 day moving average is C$29.27. The company has a market capitalization of C$5.08 billion, a PE ratio of 36.79, a PEG ratio of -0.72 and a beta of 1.97.

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

Ero Copper Company Profile