Ero Copper (TSE:ERO) Stock Rating Upgraded by Canaccord Genuity Group

Ero Copper (TSE:ERO) was upgraded by equities research analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on ERO. Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Tuesday, December 30th. National Bankshares boosted their price objective on shares of 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 World Mkts downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Stifel Canada lowered Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, CIBC lifted their price objective on shares of Ero Copper from C$37.00 to C$42.00 in a report on Friday, December 5th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$34.80.

Ero Copper Stock Performance

TSE:ERO opened at C$41.71 on Wednesday. The stock has a market capitalization of C$4.33 billion, a PE ratio of 31.36, a P/E/G ratio of -0.72 and a beta of 1.97. The company has a fifty day moving average of C$35.67 and a two-hundred day moving average of C$27.82. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$44.00.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. The firm had revenue of C$246.59 million during the quarter. As a group, research analysts forecast that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

Ero Copper Company Profile