Ero Copper Corp. (TSE:ERO) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Ero Copper has a “Moderate Buy” consensus among 17 analysts, with six buy, two strong-buy, and nine hold ratings. The average 12-month price target is C$48.33.
• Shares opened at C$52.49 and have risen 2.0%, trading near the upper end of their C$25.12–C$56.62 52-week range. Recent analyst targets have been mixed, ranging from C$39 to C$56.
• The company reported quarterly EPS of C$1.18 on revenue of C$403.95 million, alongside a 30.09% return on equity and 29.72% net margin. Ero operates copper mines in Brazil, a producing gold mine, and is advancing the Furnas Copper-Gold Project.

Ero Copper Corp. (TSE:ERO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$48.33.

A number of research firms have recently weighed in on ERO. Freedom Broker downgraded Ero Copper from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 3rd. Bank of America raised Ero Copper from a "neutral" rating to a "buy" rating and boosted their price target for the company from C$41.00 to C$49.00 in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce increased their price objective on Ero Copper from C$52.00 to C$56.00 in a report on Wednesday. Jefferies Financial Group cut their price objective on shares of Ero Copper from C$42.00 to C$39.00 in a research report on Monday, July 13th. Finally, TD lifted their target price 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.

Ero Copper Trading Up 2.0%

TSE ERO opened at C$52.49 on Friday. Ero Copper has a 1-year low of C$25.12 and a 1-year high of C$56.62. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 47.25. The company has a market capitalization of C$5.47 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of -0.72 and a beta of 1.87. The firm's fifty day simple moving average is C$46.26 and its 200-day simple moving average is C$41.08.

Ero Copper (TSE:ERO - Get Free Report) 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 anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.