Canaccord Genuity Group Increases Ero Copper (TSE:ERO) Price Target to C$34.00

Ero Copper (TSE:ERO) had its price target hoisted by Canaccord Genuity Group from C$26.00 to C$34.00 in a report released on Wednesday morning, BayStreet.CA reports.

A number of other research firms have also issued reports on ERO. CIBC lowered their target price on Ero Copper from C$25.00 to C$24.00 and set a neutral rating for the company in a research note on Tuesday, February 27th. TD Securities increased their target price on Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a research note on Friday, March 8th. National Bankshares increased their target price on Ero Copper from C$22.50 to C$24.00 and gave the company a sector perform rating in a research note on Thursday, February 22nd. Scotiabank increased their target price on Ero Copper from C$24.00 to C$25.00 and gave the company a sector perform rating in a research note on Tuesday, February 6th. Finally, Pi Financial lowered Ero Copper from a buy rating to a neutral rating and raised their price objective for the company from C$24.00 to C$27.00 in a research note on Friday, March 8th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of C$25.88.

Ero Copper Stock Performance

Ero Copper stock opened at C$27.46 on Wednesday. The stock’s 50-day moving average is C$24.41 and its 200-day moving average is C$21.34. The company has a market cap of C$2.82 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. Ero Copper has a 12 month low of C$15.72 and a 12 month high of C$32.12.

Ero Copper (TSE:ERO) last posted its earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The company had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. Equities analysts anticipate that Ero Copper will post 2.0165631 earnings per share for the current year.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.