Ero Copper (TSE:ERO) Price Target Raised to C$30.00 at Raymond James

Ero Copper (TSE:ERO) had its target price upped by Raymond James from C$26.00 to C$30.00 in a report published on Tuesday, BayStreet.CA reports. Raymond James also issued estimates for Ero Copper’s Q1 2024 earnings at $0.06 EPS, Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.94 EPS, FY2024 earnings at $2.28 EPS and FY2025 earnings at $4.04 EPS.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group boosted their price target on shares of Ero Copper from C$26.00 to C$34.00 in a report on Wednesday, April 17th. Cormark boosted their price target on shares of Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. Eight Capital boosted their price target on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a neutral rating in a report on Monday. National Bankshares boosted their price target on shares of Ero Copper from C$22.50 to C$24.00 and gave the company a sector perform rating in a report on Thursday, February 22nd. Finally, CIBC boosted their price target on shares of Ero Copper from C$24.00 to C$28.50 and gave the company a neutral rating in a report on Wednesday, April 17th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of C$26.83.

Ero Copper Trading Down 1.2 %

Shares of ERO opened at C$26.27 on Tuesday. 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 moving average of C$25.08 and a 200 day moving average of C$21.53. The firm has a market capitalization of C$2.70 billion, a price-to-earnings ratio of 19.75, a PEG 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 (TSE:ERO) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share 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 the consensus estimate of C$143.80 million. On average, research analysts expect that Ero Copper will post 2.0165631 EPS 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.