Ero Copper (ERO) Stock Forecast & Price Target

C$26.78

+0.55 (+2.10%)

(As of 07/26/2024 ET)

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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

Moderate Buy
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Ero Copper in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 7 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for ERO.

Consensus Price Target

C$34.04
27.10% Upside

High Forecast	C$43.00
Average Forecast	C$34.04
Low Forecast	C$22.00

According to the 13 analysts' twelve-month price targets for Ero Copper, the average price target is C$34.04. The highest price target for ERO is C$43.00, while the lowest price target for ERO is C$22.00. The average price target represents a forecasted upside of 27.10% from the current price of C$26.78.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Hold	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	2 Buy rating(s)	0 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	8 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 Target	C$34.04	C$32.15	C$26.83	C$26.95
Forecasted Upside	27.10% Upside	19.55% Upside	16.57% Upside	7.41% 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.

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.

Ero Copper Stock vs. The Competition

Type	Ero Copper	Basic Materials Companies
Consensus Rating Score	2.54	2.64
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/23/2024	BMO Capital Markets 3 of 5 stars	J. Przybylowski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$41.00 ➝ C$43.00	+60.45%
7/22/2024	Ventum Cap Mkts 0 of 5 stars	C. Mackay Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
7/22/2024	Canaccord Genuity Group 3 of 5 stars		Boost Target		C$36.00 ➝ C$39.00	+45.25%
7/22/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$30.00 ➝ C$31.00	+15.46%
7/15/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$32.50 ➝ C$33.00	+8.23%
7/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$29.00 ➝ C$32.00	+2.63%
Get the Latest News and Ratings for ERO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Ero Copper and its competitors with MarketBeat's FREE daily newsletter.
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$30.00 ➝ C$40.00	+33.56%
6/20/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	C$32.00 ➝ C$36.00	+25.13%
5/30/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Wowkodaw Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform	C$32.00 ➝ C$40.00	+34.32%
5/28/2024	Ventum Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	C$31.50 ➝ C$33.00	+6.11%
5/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$30.00 ➝ C$34.00	+12.14%
5/10/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$30.00 ➝ C$32.50	+10.21%
4/18/2024	Pi Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Mackay Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
11/17/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$30.00 ➝ C$22.00	+36.14%
5/10/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$25.50 ➝ C$26.50	+7.03%
4/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$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 Saturday at 01:46 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$34.04, with a high forecast of C$43.00 and a low forecast of C$22.00.
Should I buy or sell Ero Copper stock right now?: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last twelve months. There are currently 7 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ERO shares.
Does Ero Copper's stock price have much upside?: According to analysts, Ero Copper's stock has a predicted upside of 24.59% 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?: Ero Copper has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, CIBC, Cormark, Eight Capital, Jefferies Financial Group, National Bankshares, Raymond James, Scotiabank, TD Securities, Ventum Cap Mkts, and Ventum Financial in the past 90 days.
Do Wall Street analysts like Ero Copper more than its competitors?: Analysts like Ero Copper less than other "basic materials" companies. The consensus rating score for Ero Copper is 2.54 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how ERO compares to other companies.