Ero Copper (TSE:ERO) Given New C$23.00 Price Target at TD Securities

Ero Copper (TSE:EROGet Rating) had its target price decreased by stock analysts at TD Securities from C$25.00 to C$23.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 69.24% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Scotiabank boosted their price objective on shares of Ero Copper from C$24.00 to C$27.00 in a research note on Wednesday, April 13th. BMO Capital Markets decreased their target price on Ero Copper from C$30.00 to C$29.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 12th. CIBC lifted their price target on Ero Copper from C$22.00 to C$23.00 in a research report on Wednesday, March 9th. Cormark decreased their price objective on shares of Ero Copper from C$28.50 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Raymond James set a C$24.00 target price on shares of Ero Copper and gave the company an “outperform” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to, Ero Copper currently has a consensus rating of “Buy” and a consensus target price of C$25.75.

Shares of ERO traded down C$0.58 during mid-day trading on Thursday, hitting C$13.59. The stock had a trading volume of 234,993 shares, compared to its average volume of 452,001. Ero Copper has a 52 week low of C$13.34 and a 52 week high of C$29.76. The company has a debt-to-equity ratio of 16.78, a current ratio of 1.70 and a quick ratio of 1.43. The business has a fifty day moving average price of C$18.37 and a 200-day moving average price of C$18.94. The firm has a market cap of C$1.23 billion and a P/E ratio of 4.76.

Ero Copper (TSE:EROGet Rating) last issued its quarterly earnings data on Tuesday, March 8th. The company reported C$0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.66 by C$0.16. The company had revenue of C$170.07 million for the quarter, compared to analysts’ expectations of C$168.91 million. As a group, research analysts expect that Ero Copper will post 2.3099999 earnings per share for the current fiscal 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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