Ero Copper (TSE:ERO) Price Target Raised to C$45.00 at Scotiabank

Ero Copper (TSE:ERO) had its target price upped by Scotiabank from C$36.00 to C$45.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on ERO. Stifel Canada lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Raymond James Financial upped their price objective on Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. TD Securities cut Ero Copper from a “buy” rating to a “hold” rating and increased their price objective for the company from C$24.00 to C$33.00 in a research note on Tuesday, October 21st. Ventum Cap Mkts upgraded Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Jefferies Financial Group cut Ero Copper from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$37.00 to C$40.00 in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$34.80.

Ero Copper Stock Performance

Shares of Ero Copper stock opened at C$40.30 on Thursday. The stock has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The business has a 50-day moving average of C$34.42 and a 200 day moving average of C$27.14. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$43.20.

Ero Copper (TSE:ERO) last issued its quarterly 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 business had revenue of C$246.59 million for the quarter. As a group, sell-side analysts forecast that Ero Copper will post 4.7442244 earnings per share for the current year.

Ero Copper Company Profile