Ero Copper Corp. (TSE:ERO) Given Average Rating of “Buy” by Brokerages

Ero Copper Corp. (TSE:ERO – Get Rating) has been given an average recommendation of “Buy” by the twelve analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$26.33.

Several equities analysts recently weighed in on the stock. Scotiabank increased their price target on shares of Ero Copper from C$24.00 to C$27.00 in a report on Wednesday, April 13th. Canaccord Genuity Group reduced their price objective on Ero Copper from C$28.00 to C$23.50 and set a “buy” rating for the company in a research note on Monday, January 10th. CIBC upped their target price on Ero Copper from C$22.00 to C$23.00 in a research note on Wednesday, March 9th. Barclays raised Ero Copper from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from C$23.00 to C$21.00 in a report on Thursday, February 3rd. Finally, National Bankshares raised their price objective on shares of Ero Copper from C$20.50 to C$21.50 in a research note on Friday, April 8th.

TSE:ERO opened at C$16.37 on Friday. The company has a market capitalization of C$1.48 billion and a P/E ratio of 5.72. The company has a current ratio of 1.70, a quick ratio of 1.43 and a debt-to-equity ratio of 16.78. Ero Copper has a 12 month low of C$15.01 and a 12 month high of C$29.76. The firm has a fifty day simple moving average of C$18.62 and a 200-day simple moving average of C$19.11.

Ero Copper (TSE:ERO – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported C$0.82 EPS for the quarter, topping analysts’ consensus estimates of C$0.66 by C$0.16. The firm had revenue of C$170.07 million for the quarter, compared to analyst estimates of C$168.91 million. Equities analysts forecast that Ero Copper will post 2.26 EPS for the current year.

Ero Copper Company Profile (Get Rating)

Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.

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