TD Securities Issues Positive Forecast for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its target price raised by TD Securities from C$33.00 to C$45.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Tuesday, December 30th. Jefferies Financial Group cut shares of Ero Copper from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$37.00 to C$40.00 in a research note on Monday, December 8th. National Bankshares boosted their target price on shares of Ero Copper from C$27.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Cibc World Mkts cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$36.00.

Ero Copper Stock Performance

Shares of TSE ERO opened at C$42.62 on Thursday. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$44.52. The firm has a market cap of C$4.43 billion, a P/E ratio of 32.05, a PEG ratio of -0.72 and a beta of 1.97. The stock has a fifty day moving average price of C$36.79 and a two-hundred day moving average price of C$28.48. 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 (TSE:ERO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 EPS for the quarter. The company had revenue of C$246.59 million for the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%. Research analysts forecast that Ero Copper will post 4.7442244 EPS for the current fiscal year.

About Ero Copper