Ero Copper (TSE:ERO) Upgraded by Stifel Canada to Strong-Buy Rating

Ero Copper (TSE:ERO - Get Free Report) was upgraded by Stifel Canada to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Ero Copper's FY2028 earnings at $2.16 EPS and FY2029 earnings at $2.53 EPS.

A number of other analysts have also recently weighed in on the company. BMO Capital Markets increased their price objective on Ero Copper from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Friday, July 4th. Canaccord Genuity Group decreased their price objective on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Desjardins raised Ero Copper to a "hold" rating in a research report on Thursday, April 3rd. National Bankshares cut Ero Copper from an "outperform" rating to a "sector perform" rating and set a C$24.50 price objective for the company. in a research report on Wednesday. Finally, Raymond James Financial raised Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Ero Copper has a consensus rating of "Buy" and a consensus target price of C$27.85.

Ero Copper Stock Performance

Shares of TSE ERO traded up C$0.51 during trading hours on Tuesday, reaching C$20.65. The stock had a trading volume of 618,724 shares, compared to its average volume of 360,567. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of 90.34, a PEG ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$31.56. The firm has a 50-day moving average of C$20.56 and a 200-day moving average of C$19.06.

Ero Copper Company Profile

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.