Ero Copper Corp. (TSE:ERO) Receives C$47.40 Consensus Target Price from Brokerages

Ero Copper Corp. (TSE:ERO) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$47.63.

A number of research firms have recently weighed in on ERO. Stifel Nicolaus raised their price target on shares of Ero Copper from C$52.00 to C$53.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. National Bank Financial increased their target price on shares of Ero Copper from C$50.00 to C$52.50 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Scotiabank increased their target price on shares of Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Royal Bank Of Canada raised their target price on Ero Copper from C$52.00 to C$53.00 in a report on Tuesday, July 21st. Finally, TD upped their price target on Ero Copper from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Friday, August 7th.

Ero Copper Trading Down 0.4%

TSE:ERO opened at C$50.24 on Thursday. The company has a market capitalization of C$5.24 billion, a P/E ratio of 17.03, a P/E/G ratio of -0.72 and a beta of 1.75. The stock’s 50 day moving average price is C$39.00 and its 200 day moving average price is C$39.83. The company has a debt-to-equity ratio of 47.25, a quick ratio of 1.43 and a current ratio of 1.37. Ero Copper has a 52 week low of C$18.57 and a 52 week high of C$53.69.

Ero Copper (TSE:ERO) last posted its earnings results on Wednesday, August 5th. The company reported C$1.18 earnings per share (EPS) for the quarter. The firm had revenue of C$403.95 million during the quarter. Ero Copper had a net margin of 29.72% and a return on equity of 30.09%. On average, research analysts forecast that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Ero Copper Company Profile

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.