Ero Copper Corp. (TSE:ERO) Stock Has Consensus Target Price of C$49.27

Key Points

• Analyst sentiment is moderately positive: Of 14 firms covering Ero Copper, six rate it a buy and two a strong buy, while six recommend holding. The average 12-month price target is C$49.27.
• Several analysts recently raised their targets, including RBC and Stifel to C$53 and ATB Cormark and National Bank Financial to C$55.
• Ero Copper shares fell 2.4% to C$41.42 in Friday midday trading. The company reported quarterly earnings of C$1.74 per share and revenue of C$495.47 million.

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$49.27.

Several research analysts have weighed in on ERO shares. BMO Capital Markets reissued an "outperform" rating and set a C$52.00 price objective on shares of Ero Copper in a report on Monday, September 21st. The rating follows a visit to ERO Copper’s operations after the company’s investor day. Matthew Murphy noted progress across the company’s assets. Royal Bank Of Canada lifted their price target on Ero Copper from C$52.00 to C$53.00 in a research note on Tuesday, July 21st. Stifel Nicolaus upped their price objective on Ero Copper from C$52.00 to C$53.00 and gave the company a "hold" rating in a research note on Tuesday, July 21st. ATB Cormark Capital Markets lifted their target price on Ero Copper from C$50.00 to C$55.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 14th. Finally, National Bank Financial boosted their price target on Ero Copper from C$52.50 to C$55.00 and gave the company an "outperform" rating in a report on Monday, September 21st.

Ero Copper Stock Down 2.4%

Ero Copper stock traded down C$1.03 during midday trading on Friday, hitting C$41.42. 423,369 shares of the stock were exchanged, compared to its average volume of 495,740. Ero Copper has a 1 year low of C$29.10 and a 1 year high of C$56.62. The firm has a market cap of C$4.33 billion, a P/E ratio of 11.19, a P/E/G ratio of -0.72 and a beta of 1.20. The company has a debt-to-equity ratio of 36.62, a current ratio of 1.38 and a quick ratio of 1.43. The company has a 50 day moving average price of C$47.74 and a two-hundred day moving average price of C$42.57.

Ero Copper (TSE:ERO - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported C$1.74 earnings per share for the quarter. The business had revenue of C$495.47 million during the quarter. Ero Copper had a net margin of 32.14% and a return on equity of 34.30%. On average, sell-side analysts predict that Ero Copper will post 4.74 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.

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