Ero Copper Corp. (TSE:ERO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$34.80.

Several research analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Ero Copper from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$37.00 to C$40.00 in a research report on Monday, December 8th. Ventum Cap Mkts raised Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Stifel Nicolaus cut shares of Ero Copper from a “buy” rating to a “hold” rating and raised their target price for the company from C$26.00 to C$37.00 in a research note on Tuesday, October 21st. Canaccord Genuity Group raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Raymond James Financial lifted their price objective on shares of Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd.

Ero Copper Stock Performance

Ero Copper stock opened at C$41.09 on Friday. The stock has a 50-day simple moving average of C$35.89 and a 200 day simple moving average of C$27.98. The stock has a market capitalization of C$4.27 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of -0.72 and a beta of 1.97. 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 has a 12-month low of C$13.17 and a 12-month high of C$44.00.

Ero Copper (TSE:ERO) last posted its quarterly earnings data 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. On average, research analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

Ero Copper Company Profile