Eight Capital Increases Ero Copper (TSE:ERO) Price Target to C$30.00

Ero Copper (TSE:ERO) had its target price raised by investment analysts at Eight Capital from C$23.50 to C$30.00 in a report issued on Monday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Eight Capital’s target price indicates a potential upside of 11.77% from the stock’s previous close.

ERO has been the topic of a number of other reports. Scotiabank lifted their price target on Ero Copper from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. Canaccord Genuity Group lifted their target price on shares of Ero Copper from C$26.00 to C$34.00 in a research note on Wednesday, April 17th. CIBC upped their target price on shares of Ero Copper from C$24.00 to C$28.50 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. National Bankshares increased their price objective on Ero Copper from C$22.50 to C$24.00 and gave the company a “sector perform” rating in a research note on Thursday, February 22nd. Finally, TD Securities raised their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Friday, March 8th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$26.50.

Ero Copper Stock Down 3.1 %

Shares of ERO stock traded down C$0.87 during mid-day trading on Monday, hitting C$26.84. The company’s stock had a trading volume of 154,247 shares, compared to its average volume of 303,051. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. The business has a 50-day moving average price of C$24.82 and a 200 day moving average price of C$21.47. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.12. The stock has a market cap of C$2.76 billion, a price-to-earnings ratio of 20.11, a PEG ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 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 during the quarter, compared to analysts’ expectations of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. Research analysts predict that Ero Copper will post 2.0165631 EPS for the current fiscal 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.