ATB Capital Forecasts Strong Price Appreciation for Ero Copper (TSE:ERO) Stock

Ero Copper (TSE:ERO) had its price objective boosted by analysts at ATB Capital from C$37.00 to C$50.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 19.56% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Freedom Capital upgraded Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. TD Securities raised their target price on Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. Canaccord Genuity Group raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Raymond James Financial increased their price target on Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Jefferies Financial Group reduced their price objective on shares of Ero Copper from C$45.00 to C$38.00 in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$41.91.

Ero Copper Stock Down 3.1%

TSE ERO opened at C$41.82 on Friday. Ero Copper has a one year low of C$13.17 and a one year high of C$53.69. The company has a market cap of C$4.34 billion, a P/E ratio of 31.44, a P/E/G ratio of -0.72 and a beta of 1.99. The business has a fifty day moving average price of C$40.10 and a 200 day moving average price of C$30.59. 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 released its 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 business had revenue of C$246.59 million for the quarter. Research analysts anticipate that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Insider Transactions at Ero Copper

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

Ero Copper Company Profile