Eight Capital Raises Ero Copper (TSE:ERO) Price Target to C$30.00

Ero Copper (TSE:ERO) had its price objective raised by Eight Capital from C$23.50 to C$30.00 in a research note published on Monday morning, BayStreet.CA reports. Eight Capital currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on ERO. BMO Capital Markets raised their target price 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. Cormark raised their target price on shares of Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Raymond James raised their target price on shares of Ero Copper from C$25.00 to C$26.00 in a report on Wednesday, March 20th. TD Securities raised their target price on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a report on Friday, March 8th. Finally, National Bankshares raised their price target on Ero Copper from C$22.50 to C$24.00 and gave the stock a sector perform rating in a research report on Thursday, February 22nd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of C$26.50.

Ero Copper Trading Down 4.0 %

Shares of ERO opened at C$26.60 on Monday. 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 1 year low of C$15.72 and a 1 year high of C$32.12. The company has a 50 day simple moving average of C$24.94 and a two-hundred day simple moving average of C$21.50. The firm has a market cap of C$2.73 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of C$143.80 million. On average, equities analysts expect that Ero Copper will post 2.0165631 earnings per share for the current fiscal 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.