Raymond James Financial upgraded shares of Ero Copper (TSE:ERO - Free Report) to a moderate buy rating in a research report sent to investors on Monday,Zacks.com reports. Raymond James Financial also issued estimates for Ero Copper's Q2 2025 earnings at $0.91 EPS, Q3 2025 earnings at $1.23 EPS and Q4 2025 earnings at $1.10 EPS.
A number of other research firms also recently commented on ERO. National Bank Financial raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Desjardins raised Ero Copper to a "hold" rating in a report on Thursday, April 3rd. National Bankshares raised Ero Copper from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$21.50 to C$23.00 in a research note on Wednesday, May 7th. Canaccord Genuity Group reduced their price objective on shares of Ero Copper from C$26.50 to C$26.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Scotiabank upped their target price on Ero Copper from C$24.00 to C$26.00 in a report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$27.70.
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Ero Copper Stock Performance
Shares of Ero Copper stock traded down C$0.30 during trading on Monday, reaching C$22.66. The company's stock had a trading volume of 171,550 shares, compared to its average volume of 347,661. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$31.73. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The business's 50-day moving average price is C$20.23 and its 200-day moving average price is C$19.00. The firm has a market cap of C$1.59 billion, a PE ratio of 99.13, a P/E/G ratio of -0.72 and a beta of 1.98.
About Ero Copper
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Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero's operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.
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