TD Raises Ero Copper (TSE:ERO) Price Target to C$47.00

Ero Copper (TSE:ERO) had its target price upped by equities researchers at TD from C$45.00 to C$47.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price target suggests a potential upside of 8.92% from the company’s previous close.

Several other research analysts have also recently commented on the company. TD Securities boosted their price target on Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group boosted their price target on Ero Copper from C$48.00 to C$52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Bank of America cut Ero Copper from a “buy” rating to a “neutral” rating and cut their price target for the stock from C$49.00 to C$45.00 in a research note on Monday, February 9th. Canadian Imperial Bank of Commerce boosted their price target on Ero Copper from C$42.00 to C$52.00 in a research note on Wednesday, February 4th. Finally, Freedom Capital upgraded Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and a consensus price target of C$44.73.

Ero Copper Price Performance

Shares of ERO stock opened at C$43.15 on Friday. The company has a market capitalization of C$4.50 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of -0.72 and a beta of 1.93. The firm has a fifty day simple moving average of C$40.24 and a 200-day simple moving average of C$36.64. The company has a current ratio of 1.06, a quick ratio of 1.43 and a debt-to-equity ratio of 67.59. Ero Copper has a twelve month low of C$13.98 and a twelve month high of C$53.69.

Ero Copper (TSE:ERO) last announced its earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share for the quarter. Ero Copper had a net margin of 33.50% and a return on equity of 31.58%. The business had revenue of C$430.18 million during the quarter. Equities research analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

Insider Transactions at Ero Copper

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the sale, the director owned 377,832 shares in the company, valued at C$19,688,825.52. This represents a 3.82% decrease in their ownership of the stock. 10.37% of the stock is owned by insiders.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.