Ero Copper (TSE:ERO) Price Target Raised to C$35.00 at Jefferies Financial Group

Ero Copper (TSE:ERO - Free Report) had its price objective upped by Jefferies Financial Group from C$32.00 to C$35.00 in a report released on Friday, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. TD Securities cut their price objective on Ero Copper from C$31.00 to C$30.00 and set a hold rating on the stock in a report on Tuesday, August 6th. Canaccord Genuity Group raised their target price on Ero Copper from C$39.00 to C$40.00 and gave the stock a buy rating in a research note on Thursday. National Bankshares increased their price target on Ero Copper from C$32.50 to C$33.00 and gave the stock a sector perform rating in a report on Monday, July 15th. Eight Capital upped their price objective on shares of Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Finally, Raymond James raised Ero Copper from a market perform rating to an outperform rating and upped their price target for the stock from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$34.15.

Ero Copper Price Performance

TSE ERO traded up C$0.34 during trading on Friday, hitting C$29.71. 243,137 shares of the company's stock were exchanged, compared to its average volume of 297,166. The stock's 50 day moving average price is C$27.57 and its two-hundred day moving average price is C$28.15. 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 current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The company has a market cap of C$3.07 billion, a PE ratio of -114.27, a P/E/G ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of C$160.22 million during the quarter, compared to analysts' expectations of C$154.50 million. Research analysts expect that Ero Copper will post 4.742681 EPS for the current 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.