Brokerages Set Ero Copper Corp. (TSE:ERO) Price Target at C$25.00

Ero Copper Corp. (TSE:ERO - Get Free Report) has received an average recommendation of "Hold" from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$25.00.

Several equities research analysts have commented on ERO shares. Pi Financial lowered Ero Copper from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from C$24.00 to C$27.00 in a research note on Friday, March 8th. CIBC cut their price objective on Ero Copper from C$25.00 to C$24.00 and set a "neutral" rating for the company in a research note on Tuesday, February 27th. TD Securities boosted their price objective 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. Scotiabank boosted their price objective 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. Finally, Cormark boosted their price objective on Ero Copper from C$23.50 to C$26.50 in a research note on Monday, March 11th.

Ero Copper Price Performance

TSE ERO traded down C$0.01 during trading hours on Monday, reaching C$28.39. The company's stock had a trading volume of 250,345 shares, compared to its average volume of 307,261. The firm has a market capitalization of C$2.92 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of -0.72 and a beta of 2.14. Ero Copper has a 1-year low of C$15.72 and a 1-year high of C$32.12. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. The company's 50-day moving average is C$23.50 and its two-hundred day moving average is C$21.11.

Ero Copper (TSE:ERO - Get Free Report) last released 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 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 predict that Ero Copper will post 1.9099791 EPS for the current year.

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.