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

Key Points

• Ero Copper has a “Moderate Buy” consensus rating from 15 analysts: eight recommend holding, five recommend buying, and two rate it a strong buy. The average 12-month price target is C$47.63.
• Recent analyst actions were mixed, with Royal Bank of Canada, Stifel Nicolaus, Bank of America, and National Bank Financial raising targets, while Jefferies lowered its target to C$39.00.
• Ero Copper reported quarterly EPS of C$1.18 on revenue of C$403.95 million, with a 29.72% net margin and 30.09% return on equity. The stock opened at C$53.99 and has traded between C$19.16 and C$56.62 over the past year.

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen research firms that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$47.63.

A number of analysts have commented on the stock. Royal Bank Of Canada lifted their target price on shares of Ero Copper from C$52.00 to C$53.00 in a report on Tuesday, July 21st. Jefferies Financial Group cut their price target on Ero Copper from C$42.00 to C$39.00 in a research note on Monday, July 13th. Stifel Nicolaus raised their price target on Ero Copper from C$52.00 to C$53.00 and gave the stock a "hold" rating in a research report on Tuesday, July 21st. Bank of America raised Ero Copper from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from C$41.00 to C$49.00 in a research note on Thursday, July 16th. Finally, National Bank Financial upped their price objective on Ero Copper from C$50.00 to C$52.50 and gave the company an "outperform" rating in a report on Friday, August 7th.

Ero Copper Stock Performance

Ero Copper stock opened at C$53.99 on Monday. 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$19.16 and a 1 year high of C$56.62. The company has a market cap of C$5.63 billion, a PE ratio of 18.30, a PEG ratio of -0.72 and a beta of 1.75. The company's 50-day moving average is C$41.65 and its two-hundred day moving average is C$40.22.

Ero Copper (TSE:ERO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. The company had revenue of C$403.95 million during the quarter. Ero Copper had a net margin of 29.72% and a return on equity of 30.09%. Equities analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current year.

Ero Copper Company Profile

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.

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