Ero Copper (TSE:ERO) Price Target Raised to C$36.00

Ero Copper (TSE:ERO - Free Report) had its target price raised by Canaccord Genuity Group from C$34.00 to C$36.00 in a research note published on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

ERO has been the topic of several other research reports. Cormark raised their target price on Ero Copper from C$30.00 to C$32.50 in a research report on Friday. Scotiabank increased their price objective on Ero Copper from C$30.00 to C$32.00 in a report on Thursday. Pi Financial upgraded shares of Ero Copper from a neutral rating to a buy rating in a research note on Thursday, April 18th. National Bankshares boosted their price target on Ero Copper from C$32.25 to C$33.50 in a research report on Thursday. 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 report on Friday, March 8th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of C$29.46.

Ero Copper Trading Up 0.7 %

TSE:ERO traded up C$0.21 on Monday, reaching C$29.64. The company's stock had a trading volume of 182,003 shares, compared to its average volume of 313,662. The stock has a 50 day moving average price of C$26.82 and a 200 day moving average price of C$22.35. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.12. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09. The firm has a market cap of C$3.05 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The business had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. On average, equities analysts anticipate that Ero Copper will post 2.0391588 EPS for the current fiscal year.

Insider Buying and Selling at Ero Copper

In other Ero Copper news, Director Lyle Braaten sold 5,000 shares of the company's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of C$29.45, for a total value of C$147,232.50. 11.06% of the stock is owned by corporate insiders.

Ero Copper Company Profile

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.