Ero Copper (TSE:ERO) Stock Gets Price Target Cut from Raymond James Financial

Ero Copper (TSE:ERO) had its target price lowered by Raymond James Financial from C$55.00 to C$54.00 in a research note released on Tuesday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. National Bank Financial lifted their target price on Ero Copper from C$52.50 to C$55.00 and gave the stock an “outperform” rating in a report on Monday, September 21st. TD upped their price target on shares of Ero Copper from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce raised their price target on shares of Ero Copper from C$52.00 to C$56.00 in a research report on Wednesday, September 23rd. Royal Bank Of Canada lifted their price objective on shares of Ero Copper from C$52.00 to C$53.00 in a research note on Tuesday, July 21st. Finally, Scotiabank lowered shares of Ero Copper from a “sector outperform” rating to a “sector perform” rating and set a C$55.00 target price on the stock. in a research report on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and a consensus price target of C$49.27.

Ero Copper Trading Down 8.7%

Shares of TSE:ERO opened at C$39.30 on Tuesday. Ero Copper has a 12-month low of C$29.10 and a 12-month high of C$56.62. The business has a 50 day moving average of C$48.73 and a 200-day moving average of C$42.62. The company has a quick ratio of 1.43, a current ratio of 1.38 and a debt-to-equity ratio of 36.62. The stock has a market cap of C$4.10 billion, a PE ratio of 10.62, a P/E/G ratio of -0.72 and a beta of 1.20.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Monday, November 2nd. The company reported C$1.74 earnings per share for the quarter. The business had revenue of C$495.47 million during the quarter. Ero Copper had a return on equity of 34.30% and a net margin of 32.14%. As a group, equities research analysts forecast that Ero Copper will post 4.74 earnings per share for the current year.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.