Ero Copper (TSE:ERO) Given a C$30.00 Price Target by Jefferies Financial Group Analysts

Ero Copper (TSE:ERO) received a C$30.00 target price from analysts at Jefferies Financial Group in a report issued on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 5.23% from the stock’s previous close.

A number of other research analysts have also commented on the company. Canaccord Genuity Group upped their price target on Ero Copper from C$26.00 to C$34.00 in a report on Wednesday, April 17th. Eight Capital upped their target price on shares of Ero Copper from C$23.50 to C$30.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. CIBC increased 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. TD Securities boosted their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Friday, March 8th. Finally, Cormark upped their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$27.08.

Ero Copper Stock Up 1.9 %

Shares of ERO stock opened at C$28.51 on Friday. The stock’s 50 day simple moving average is C$26.08 and its 200 day simple moving average is C$21.90. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.12. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. The company has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 21.28, a PEG ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO) last released 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). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The firm had revenue of C$158.50 million during the quarter, compared to the consensus estimate of C$143.80 million. As a group, research analysts predict that Ero Copper will post 2.0391588 EPS 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.