Ero Copper (TSE:ERO - Get Free Report) had its target price increased by Raymond James from C$26.00 to C$30.00 in a report released on Tuesday, BayStreet.CA reports. Raymond James' price objective indicates a potential upside of 14.20% from the stock's current price. Raymond James also issued estimates for Ero Copper's Q1 2024 earnings at $0.06 EPS, Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.
ERO has been the subject of a number of other research reports. CIBC lifted their price objective on shares of Ero Copper from C$24.00 to C$28.50 and gave the stock a "neutral" rating in a report on Wednesday, April 17th. Eight Capital boosted their price target on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a "neutral" rating in a report on Monday. Pi Financial raised shares of Ero Copper from a "neutral" rating to a "buy" rating in a report on Thursday, April 18th. Canaccord Genuity Group boosted their target price on shares of Ero Copper from C$26.00 to C$34.00 in a research note on Wednesday, April 17th. Finally, TD Securities increased their price target on Ero Copper from C$24.00 to C$25.00 and gave the stock a "hold" rating in a research note on Friday, March 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Ero Copper presently has a consensus rating of "Hold" and a consensus price target of C$26.83.
Read Our Latest Stock Report on ERO
Ero Copper Stock Down 1.2 %
ERO stock traded down C$0.33 during midday trading on Tuesday, hitting C$26.27. 497,735 shares of the company's stock were exchanged, compared to its average volume of 307,421. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.12. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 55.09. The stock has a market capitalization of C$2.70 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. The firm has a 50 day moving average price of C$24.94 and a 200-day moving average price of C$21.50.
Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing analysts' consensus estimates of C$0.31 by C($0.02). The company had revenue of C$158.50 million for the quarter, compared to the consensus estimate of C$143.80 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. On average, analysts anticipate that Ero Copper will post 2.0165631 EPS for the current 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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