Ero Copper Corp. (TSE:ERO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Ero Copper Corp. (TSE:ERO) have received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$47.63.

ERO has been the subject of several research reports. Royal Bank Of Canada lifted their price target on shares of Ero Copper from C$52.00 to C$53.00 in a research report on Tuesday, July 21st. National Bank Financial raised their price objective on shares of Ero Copper from C$50.00 to C$52.50 and gave the company an “outperform” rating in a research note on Friday, August 7th. Scotiabank lifted their price objective on shares of Ero Copper from C$50.00 to C$55.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. TD boosted their target price on shares of Ero Copper from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research report on Friday, August 7th. Finally, Freedom Broker lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$48.24 on Monday. The business’s 50 day simple moving average is C$42.65 and its two-hundred day simple moving average is C$40.47. The firm has a market cap of C$5.03 billion, a P/E ratio of 16.35, a PEG ratio of -0.72 and a beta of 1.87. 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$20.56 and a 52-week high of C$56.62.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. Ero Copper had a return on equity of 30.09% and a net margin of 29.72%.The firm had revenue of C$403.95 million during the quarter. As a group, 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.