Ero Copper Corp. (TSE:ERO) Receives C$34.80 Average Target Price from Brokerages

Shares of Ero Copper Corp. (TSE:ERO) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$34.80.

Several brokerages have weighed in on ERO. Freedom Capital raised Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th. TD Securities cut Ero Copper from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$24.00 to C$33.00 in a report on Tuesday, October 21st. Jefferies Financial Group downgraded Ero Copper from a “buy” rating to a “hold” rating and boosted their target price for the company from C$37.00 to C$40.00 in a research report on Monday, December 8th. Scotiabank raised their price target on Ero Copper from C$36.00 to C$45.00 in a research report on Thursday, January 8th. Finally, Stifel Canada lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st.

Ero Copper Price Performance

ERO stock opened at C$42.86 on Friday. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$44.00. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The company has a fifty day simple moving average of C$36.33 and a two-hundred day simple moving average of C$28.28. The firm has a market capitalization of C$4.45 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97.

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

About Ero Copper