Ero Copper (TSE:ERO) Upgraded by Pi Financial to “Buy”

Pi Financial upgraded shares of Ero Copper (TSE:ERO) from a neutral rating to a buy rating in a research report released on Thursday morning, Zacks.com reports.

Other research analysts also recently issued reports about the company. Raymond James lifted their target price on Ero Copper from C$25.00 to C$26.00 in a report on Wednesday, March 20th. CIBC lifted their target price on Ero Copper from C$24.00 to C$28.50 and gave the stock a neutral rating in a report on Wednesday. BMO Capital Markets lifted their target price on Ero Copper from C$23.00 to C$23.50 and gave the stock a market perform rating in a report on Friday, March 8th. TD Securities lifted their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a hold rating in a report on Friday, March 8th. Finally, Cormark lifted their price objective on Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Ero Copper currently has a consensus rating of Hold and a consensus target price of C$25.88.

Ero Copper Price Performance

Ero Copper stock opened at C$27.99 on Thursday. The stock’s fifty day moving average price is C$24.69 and its two-hundred day moving average price is C$21.43. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. The firm has a market cap of C$2.88 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The business had revenue of C$158.50 million during the quarter, compared to the consensus estimate of C$143.80 million. As a group, research analysts expect that Ero Copper will post 2.0165631 EPS for the current fiscal year.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.