Canaccord Genuity Group Boosts Ero Copper (TSE:ERO) Price Target to C$40.00

Ero Copper (TSE:ERO - Get Free Report) had its price target boosted by Canaccord Genuity Group from C$39.00 to C$40.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 36.19% from the company's previous close.

Several other research firms have also recently weighed in on ERO. Ventum Financial dropped their price objective on shares of Ero Copper from C$33.00 to C$32.50 in a research report on Thursday, August 22nd. Jefferies Financial Group upped their price target on Ero Copper from C$29.00 to C$32.00 in a research note on Friday, July 12th. TD Securities lowered their price objective on Ero Copper from C$31.00 to C$30.00 and set a "hold" rating for the company in a research report on Tuesday, August 6th. National Bankshares upped their target price on shares of Ero Copper from C$32.50 to C$33.00 and gave the company a "sector perform" rating in a research report on Monday, July 15th. Finally, Ventum Cap Mkts upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$33.92.

Ero Copper Price Performance

Shares of TSE:ERO traded down C$0.76 during midday trading on Thursday, reaching C$29.37. The company's stock had a trading volume of 297,624 shares, compared to its average volume of 297,448. The business's fifty day simple moving average is C$27.46 and its 200-day simple moving average is C$28.08. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.89. The company has a market capitalization of C$3.03 billion, a P/E ratio of -112.96, a P/E/G ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.23 by C$0.02. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. The firm had revenue of C$160.22 million during the quarter, compared to analysts' expectations of C$154.50 million. As a group, equities research analysts expect that Ero Copper will post 4.742681 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.