Ero Copper Corp. (TSE:ERO - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as C$32.53 and last traded at C$32.51, with a volume of 475095 shares changing hands. The stock had previously closed at C$30.21.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on ERO. Cormark increased their price objective on shares of Ero Copper from C$30.00 to C$32.50 in a research report on Friday, May 10th. Pi Financial upgraded Ero Copper from a "neutral" rating to a "buy" rating in a research note on Thursday, April 18th. BMO Capital Markets lifted their price objective on Ero Copper from C$23.00 to C$23.50 and gave the company a "market perform" rating in a research note on Friday, March 8th. Raymond James upped their target price on shares of Ero Copper from C$26.00 to C$30.00 in a research note on Tuesday, April 23rd. Finally, Canaccord Genuity Group boosted their price target on shares of Ero Copper from C$34.00 to C$36.00 and gave the stock a "buy" rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$29.46.
Check Out Our Latest Research Report on Ero Copper
Ero Copper Stock Performance
The company has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 36.47, a P/E/G ratio of -0.72 and a beta of 2.12. The stock has a 50 day simple moving average of C$27.07 and a 200 day simple moving average of C$22.48. The company has a quick ratio of 1.43, a current ratio of 0.82 and a debt-to-equity ratio of 62.41.
Ero Copper (TSE:ERO - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. The firm had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. As a group, analysts anticipate that Ero Copper Corp. will post 2.2610322 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Lyle Braaten sold 5,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of C$29.45, for a total transaction of C$147,232.50. Corporate insiders own 10.96% of the company's stock.
About Ero Copper
(
Get Free Report)
Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.
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