Ero Copper (TSE:ERO) Given a C$30.00 Price Target at Jefferies Financial Group

Ero Copper (TSE:ERO - Get Free Report) has been assigned a C$30.00 price target by Jefferies Financial Group in a report released on Friday, BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's price target suggests a potential upside of 5.23% from the company's previous close.

Several other equities research analysts have also weighed in on the company. Scotiabank raised 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. Raymond James raised their target price on Ero Copper from C$26.00 to C$30.00 in a research report on Tuesday, April 23rd. Cormark increased their price objective on Ero Copper from C$23.50 to C$26.50 in a research note on Monday, March 11th. CIBC lifted their target price on Ero Copper from C$24.00 to C$28.50 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. Finally, BMO Capital Markets increased their target price on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a "market perform" rating in a research report on Friday, March 8th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$27.08.

Ero Copper Stock Up 1.9 %

ERO traded up C$0.54 during trading hours on Friday, reaching C$28.51. 210,617 shares of the stock traded hands, compared to its average volume of 313,817. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week 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 has a market cap of C$2.93 billion, a price-to-earnings ratio of 21.28, a PEG ratio of -0.72 and a beta of 2.14. The firm's fifty day simple moving average is C$26.08 and its two-hundred day simple moving average is C$21.89.

Ero Copper (TSE:ERO - Get Free Report) last released 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). Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. The business had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. As a group, analysts forecast that Ero Copper will post 2.0391588 earnings per share for the current fiscal year.

About Ero Copper

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.