Ero Copper (TSE:ERO) PT Raised to C$22.00 at TD Securities

Ero Copper (TSE:EROGet Rating) had its price objective lifted by investment analysts at TD Securities from C$19.50 to C$22.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 2.47% from the stock’s previous close.

Several other research firms have also issued reports on ERO. National Bankshares lowered their price target on shares of Ero Copper from C$20.00 to C$17.50 in a report on Monday, January 9th. Scotiabank lifted their price objective on Ero Copper from C$18.00 to C$20.00 in a research report on Wednesday, November 9th. CIBC cut their target price on Ero Copper from C$18.00 to C$17.00 in a research report on Monday, December 5th. Raymond James increased their price target on Ero Copper from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a report on Wednesday, November 9th. Finally, Cormark lifted their price objective on shares of Ero Copper from C$21.50 to C$22.50 in a research note on Thursday, November 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$20.83.

Ero Copper Price Performance

ERO stock opened at C$21.47 on Thursday. The company has a market capitalization of C$1.96 billion and a P/E ratio of 9.89. The company has a fifty day moving average price of C$18.35 and a 200-day moving average price of C$15.37. 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 has a 52-week low of C$10.54 and a 52-week high of C$21.90.

Ero Copper (TSE:EROGet Rating) last announced its earnings results on Tuesday, November 1st. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.20). The business had revenue of C$112.10 million during the quarter, compared to analysts’ expectations of C$128.97 million. As a group, equities analysts expect that Ero Copper will post 1.55 EPS for the current year.

About Ero Copper

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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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