Ero Copper (TSE:ERO) Hits New 12-Month High After Analyst Upgrade

Ero Copper Corp. (TSE:EROGet Rating)’s stock price reached a new 52-week high on Thursday after National Bankshares raised their price target on the stock from C$20.00 to C$21.00. National Bankshares currently has a sector perform rating on the stock. Ero Copper traded as high as C$21.86 and last traded at C$21.56, with a volume of 422629 shares traded. The stock had previously closed at C$21.19.

Other equities analysts also recently issued reports about the stock. CIBC decreased their price target on shares of Ero Copper from C$18.00 to C$17.00 in a research note on Monday, December 5th. Cormark raised their price target on shares of Ero Copper from C$21.50 to C$22.50 in a research note on Thursday, November 10th. Scotiabank raised their price target on shares of Ero Copper from C$18.00 to C$20.00 in a research note on Wednesday, November 9th. TD Securities raised their price target on shares of Ero Copper from C$19.50 to C$22.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus decreased their price target on shares of Ero Copper from C$27.00 to C$25.00 in a research note on Wednesday, November 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$20.83.

Ero Copper Stock Up 1.8 %

The business’s 50 day moving average price is C$18.26 and its 200-day moving average price is C$15.30. The firm has a market capitalization of C$1.97 billion and a PE ratio of 9.94. The company has a debt-to-equity ratio of 16.78, a quick ratio of 1.43 and a current ratio of 1.70.

Ero Copper (TSE:EROGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.20). The firm had revenue of C$112.10 million for the quarter, compared to analyst estimates of C$128.97 million. As a group, equities research analysts forecast that Ero Copper Corp. will post 1.55 earnings per share for the current year.

Ero Copper Company Profile

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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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