Ero Copper (TSE:ERO - Get Free Report ) had its price objective hoisted by investment analysts at CIBC from C$28.50 to C$32.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a "neutral" rating on the stock. CIBC's price objective indicates a potential upside of 9.14% from the company's previous close.
Get Ero Copper alerts:
Sign Up
Several other research analysts also recently weighed in on ERO. Scotiabank upped their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 6th. TD Securities upped their target price 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. Jefferies Financial Group set a C$30.00 target price on Ero Copper and gave the stock a "hold" rating in a research note on Friday, May 3rd. Eight Capital upped their target price on Ero Copper from C$23.50 to C$30.00 and gave the stock a "neutral" rating in a research note on Monday, April 22nd. Finally, Pi Financial raised Ero Copper from a "neutral" rating to a "buy" rating in a research note on Thursday, April 18th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Ero Copper currently has an average rating of "Hold" and an average price target of C$27.35.
Read Our Latest Analysis on Ero Copper
Ero Copper Stock Performance TSE:ERO traded up C$0.62 during trading hours on Wednesday, reaching C$29.32. The company had a trading volume of 389,318 shares, compared to its average volume of 313,106. Ero Copper has a 1-year low of C$15.72 and a 1-year high of C$32.12. The firm has a market cap of C$3.01 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. The business's 50 day moving average price is C$26.34 and its 200-day moving average price is C$22.05. 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 (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 analysts' consensus estimates of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The company had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. Research analysts forecast that Ero Copper will post 2.0391588 EPS for the current year.
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.
Read More
Before you consider Ero Copper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ero Copper wasn't on the list.
While Ero Copper currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
