Ero Copper (TSE:ERO) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Ero Copper (TSE:ERO) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on ERO. National Bankshares raised their price target on Ero Copper from C$27.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. CIBC increased their price objective on shares of Ero Copper from C$37.00 to C$42.00 in a research report on Friday, December 5th. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a research note on Monday, November 3rd. Stifel Nicolaus lowered shares of Ero Copper from a “buy” rating to a “hold” rating and upped their price target for the company from C$26.00 to C$37.00 in a research note on Tuesday, October 21st. Finally, Jefferies Financial Group cut shares of Ero Copper from a “buy” rating to a “hold” rating and increased their price target for the company from C$37.00 to C$40.00 in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$33.90.

Ero Copper Stock Down 1.2%

ERO stock opened at C$38.83 on Tuesday. The company has a market cap of C$4.03 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of -0.72 and a beta of 1.64. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$39.73. The business has a 50 day moving average price of C$33.27 and a two-hundred day moving average price of C$26.46. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17.

Ero Copper (TSE:ERO) last issued its earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. The company had revenue of C$246.59 million for the quarter. Analysts anticipate that Ero Copper will post 4.7442244 EPS for the current fiscal year.

About Ero Copper