Ero Copper (TSE:ERO - Free Report) had its target price lifted by Canaccord Genuity Group from C$26.00 to C$34.00 in a research note released on Wednesday, BayStreet.CA reports.
A number of other research firms have also issued reports on ERO. Pi Financial lowered shares of Ero Copper from a buy rating to a neutral rating and lifted their price objective for the company from C$24.00 to C$27.00 in a research note on Friday, March 8th. Scotiabank lifted their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a sector perform rating in a research note on Tuesday, February 6th. National Bankshares lifted their price objective on shares of Ero Copper from C$22.50 to C$24.00 and gave the company a sector perform rating in a research note on Thursday, February 22nd. TD Securities lifted their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a research note on Friday, March 8th. Finally, BMO Capital Markets lifted their price objective on shares of 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. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of C$25.88.
Read Our Latest Research Report on ERO
Ero Copper Trading Down 1.1 %
ERO stock traded down C$0.30 during midday trading on Wednesday, reaching C$27.46. 223,392 shares of the company's stock traded hands, compared to its average volume of 304,766. The company has a market capitalization of C$2.82 billion, a P/E ratio of 20.65, a PEG ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.12. The business has a 50-day moving average price of C$24.41 and a two-hundred day moving average price of C$21.34.
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 for the quarter, missing analysts' consensus estimates of C$0.31 by C($0.02). The business had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. Equities research analysts forecast that Ero Copper will post 2.0165631 EPS for the current fiscal year.
About Ero Copper
(
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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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