Ero Copper (TSE:ERO – Free Report) had its price objective increased by Jefferies Financial Group from C$29.00 to C$32.00 in a report published on Friday morning, BayStreet.CA reports.
Several other equities analysts have also recently issued reports on the company. BMO Capital Markets raised Ero Copper from a market perform rating to an outperform rating and boosted their target price for the company from C$37.00 to C$41.00 in a research note on Wednesday, June 26th. Raymond James boosted their target price on Ero Copper from C$30.00 to C$34.00 in a research note on Thursday, May 23rd. Eight Capital boosted their target price on Ero Copper from C$30.00 to C$40.00 in a research note on Thursday. Canaccord Genuity Group boosted their target price on Ero Copper from C$34.00 to C$36.00 and gave the company a buy rating in a research note on Monday, May 13th. Finally, CIBC upgraded Ero Copper from a neutral rating to an outperform rating and increased their price objective for the stock from C$32.00 to C$36.00 in a report on Thursday, June 20th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of C$33.15.
View Our Latest Stock Report on ERO
Ero Copper Price Performance
Shares of Ero Copper stock opened at C$31.18 on Friday. The company has a debt-to-equity ratio of 62.41, a current ratio of 0.82 and a quick ratio of 1.43. The business’s 50 day simple moving average is C$29.52 and its two-hundred day simple moving average is C$25.73. The stock has a market capitalization of C$3.21 billion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of -0.72 and a beta of 2.12. Ero Copper has a one year low of C$15.72 and a one year high of C$32.89.
Ero Copper (TSE:ERO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.15. The business had revenue of C$142.63 million for the quarter, compared to analysts’ expectations of C$141.98 million. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. Analysts forecast that Ero Copper will post 2.2548878 EPS for the current year.
Insider Transactions at Ero Copper
In other news, Director Lyle Braaten sold 10,000 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$28.11, for a total value of C$281,053.00. Over the last three months, insiders have sold 16,208 shares of company stock valued at $464,151. Insiders own 10.93% of the company’s stock.
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.
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