Ero Copper (TSE:ERO) Price Target Raised to C$28.50 at CIBC

Ero Copper (TSE:ERO) had its price target raised by CIBC from C$24.00 to C$28.50 in a report published on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on the stock. Raymond James boosted their target price on shares of Ero Copper from C$25.00 to C$26.00 in a report on Wednesday, March 20th. Scotiabank upped their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a sector perform rating in a report on Tuesday, February 6th. BMO Capital Markets upped their price objective on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a market perform rating in a report on Friday, March 8th. Canaccord Genuity Group upped their price objective on shares of Ero Copper from C$26.00 to C$34.00 in a report on Wednesday. Finally, Pi Financial lowered shares of Ero Copper from a buy rating to a neutral rating and upped their price objective for the company from C$24.00 to C$27.00 in a report on Friday, March 8th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Ero Copper presently has an average rating of Hold and a consensus price target of C$25.88.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$27.46 on Wednesday. The firm has a market cap of C$2.82 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. The firm’s fifty day moving average is C$24.41 and its 200-day moving average is C$21.34. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.12.

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

About Ero Copper

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.