Ero Copper (TSE:ERO) Lowered to “Hold” Rating by Freedom Broker

Freedom Broker lowered shares of Ero Copper (TSE:ERO) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning,Zacks reports.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus lifted their price target on Ero Copper from C$52.00 to C$53.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Jefferies Financial Group dropped their price objective on Ero Copper from C$42.00 to C$39.00 in a report on Monday, July 13th. Scotiabank raised their price objective on shares of Ero Copper from C$50.00 to C$55.00 and gave the company a “sector outperform” rating in a research report on Monday, June 15th. Bank of America upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$41.00 to C$49.00 in a research note on Thursday, July 16th. Finally, National Bank Financial boosted their target price on shares of Ero Copper from C$50.00 to C$52.50 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$47.63.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$48.66 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 47.25. Ero Copper has a 1 year low of C$19.88 and a 1 year high of C$56.62. The business has a fifty day simple moving average of C$42.44 and a 200 day simple moving average of C$40.42. The firm has a market cap of C$5.08 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of -0.72 and a beta of 1.75.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 earnings per share (EPS) for the quarter. Ero Copper had a return on equity of 30.09% and a net margin of 29.72%.The firm had revenue of C$403.95 million during the quarter. As a group, sell-side analysts predict that Ero Copper will post 4.7442244 earnings per share for the current fiscal 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.