Ero Copper Corp. (TSE:ERO) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Ero Copper has a consensus “Moderate Buy” rating from 16 analysts, with nine holds, five buys and two strong buys. The average 12-month price target is C$48.67.
• Recent analysts have generally raised their targets, including CIBC to C$56 and ATB Cormark to C$55, while Jefferies cut its target to C$39.
• The stock opened at C$48.59, with a market capitalization of approximately C$5.07 billion. In its latest quarter, Ero Copper reported C$1.18 in EPS, C$403.95 million in revenue and a 29.72% net margin.

Ero Copper Corp. (TSE:ERO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$48.67.

ERO has been the topic of several recent research reports. Canadian Imperial Bank of Commerce upped their target price on shares of Ero Copper from C$52.00 to C$56.00 in a research report on Wednesday, September 23rd. TD lifted their price target on Ero Copper from C$44.00 to C$45.00 and gave the stock a "hold" rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price target on Ero Copper from C$52.00 to C$53.00 in a report on Tuesday, July 21st. ATB Cormark Capital Markets raised their price target 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, Jefferies Financial Group dropped their price objective on shares of Ero Copper from C$42.00 to C$39.00 in a research note on Monday, July 13th.

Ero Copper Price Performance

ERO stock opened at C$48.59 on Tuesday. The company has a debt-to-equity ratio of 47.25, a quick ratio of 1.43 and a current ratio of 1.37. The company's fifty day moving average price is C$50.59 and its 200-day moving average price is C$43.04. Ero Copper has a one year low of C$27.22 and a one year high of C$56.62. The company has a market capitalization of C$5.07 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of -0.72 and a beta of 1.58.

Ero Copper (TSE:ERO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 earnings per share for the quarter. The firm had revenue of C$403.95 million during the quarter. Ero Copper had a return on equity of 30.09% and a net margin of 29.72%. On average, equities analysts anticipate that Ero Copper will post 4.74 EPS for the current fiscal 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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