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Ero Copper (ERO) Stock Forecast & Price Target

C$31.18
+1.23 (+4.11%)
(As of 07/12/2024 ET)

Ero Copper - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

C$33.15
6.33% Upside
High ForecastC$41.00
Average ForecastC$33.15
Low ForecastC$22.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
3 Buy rating(s)
1 Buy rating(s)
0 Buy rating(s)
Hold
8 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$33.15C$31.54C$25.00C$26.85
Forecasted Upside6.33% Upside17.82% Upside15.86% Upside7.67% Upside
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ERO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ERO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Ero Copper Stock vs. The Competition

TypeEro CopperBasic Materials Companies
Consensus Rating Score
2.38
2.62
Consensus RatingHoldModerate Buy
News Sentiment RatingPositive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Jefferies Financial Group
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 Boost TargetC$29.00 ➝ C$32.00+2.63%
7/11/2024Eight Capital
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 Boost TargetC$30.00 ➝ C$40.00+33.56%
6/26/2024BMO Capital Markets
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J. Przybylowski
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UpgradeMarket Perform ➝ OutperformC$37.00 ➝ C$41.00+37.58%
6/20/2024CIBC
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 UpgradeNeutral ➝ OutperformC$32.00 ➝ C$36.00+25.13%
6/10/2024National Bankshares
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 Lower TargetSector PerformC$33.50 ➝ C$32.50+14.76%
5/30/2024Scotiabank
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O. Wowkodaw
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UpgradeSector Perform ➝ OutperformC$32.00 ➝ C$40.00+34.32%
5/28/2024Ventum Cap Mkts
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C. Mackay
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DowngradeStrong-Buy ➝ Hold
5/28/2024Ventum Financial
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 DowngradeBuy ➝ NeutralC$31.50 ➝ C$33.00+6.11%
5/23/2024Raymond James
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 Boost TargetC$30.00 ➝ C$34.00+12.14%
5/13/2024Canaccord Genuity Group
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 Boost TargetBuyC$34.00 ➝ C$36.00+22.49%
5/10/2024Cormark
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 Boost TargetC$30.00 ➝ C$32.50+10.21%
4/18/2024Pi Financial
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C. Mackay
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UpgradeNeutral ➝ Buy
3/8/2024TD Securities
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 Boost TargetHoldC$24.00 ➝ C$25.00+11.26%
11/17/2023Stifel Nicolaus
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 Lower TargetHoldC$30.00 ➝ C$22.00+36.14%
5/10/2023National Bank Financial
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 Boost TargetC$25.50 ➝ C$26.50+7.03%
4/21/2023Barclays
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 Boost TargetC$22.00 ➝ C$25.00-6.47%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:21 AM ET.

ERO Forecast - Frequently Asked Questions

What is Ero Copper's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Ero Copper is C$33.15, with a high forecast of C$41.00 and a low forecast of C$22.00.

Should I buy or sell Ero Copper stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ERO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ERO, but not buy additional shares or sell existing shares.

Does Ero Copper's stock price have much upside?

According to analysts, Ero Copper's stock has a predicted upside of 21.94% based on their 12-month stock forecasts.

Has Ero Copper been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Ero Copper's stock had 4 upgrades and 2 downgrades by analysts.

What analysts cover Ero Copper?
Do Wall Street analysts like Ero Copper more than its competitors?

Analysts like Ero Copper less than other "basic materials" companies. The consensus rating for Ero Copper is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how ERO compares to other companies.


This page (TSE:ERO) was last updated on 7/14/2024 by MarketBeat.com Staff

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