Ero Copper (TSE:ERO) Given New C$45.00 Price Target at TD Securities

Ero Copper (TSE:ERO) had its price objective upped by equities research analysts at TD Securities from C$33.00 to C$45.00 in a report released on Thursday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 4.58% from the company’s previous close.

Several other research firms have also issued reports on ERO. Jefferies Financial Group lowered Ero Copper from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$37.00 to C$40.00 in a research report on Monday, December 8th. Stifel Nicolaus cut shares of Ero Copper from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$26.00 to C$37.00 in a report on Tuesday, October 21st. Ventum Cap Mkts raised shares of Ero Copper to a “strong-buy” rating in a research note on Monday, November 3rd. Raymond James Financial lifted their price target on shares of Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Scotiabank boosted their price target on shares of Ero Copper from C$36.00 to C$45.00 in a report on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Ero Copper has a consensus rating of “Moderate Buy” and an average target price of C$36.00.

Ero Copper Trading Down 0.0%

Shares of Ero Copper stock traded down C$0.02 on Thursday, hitting C$43.03. 179,997 shares of the company’s stock traded hands, compared to its average volume of 484,953. The firm’s 50-day moving average price is C$36.56 and its two-hundred day moving average price is C$28.38. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The stock has a market capitalization of C$4.47 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97. Ero Copper has a one year low of C$13.17 and a one year high of C$44.52.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business 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%. On average, research analysts expect that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Ero Copper Company Profile