Ero Copper Corp. (TSE:ERO) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen ratings firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$33.77.

Several brokerages have recently weighed in on ERO. TD Securities decreased their target price on shares of Ero Copper from C$31.00 to C$30.00 and set a "hold" rating on the stock in a research report on Tuesday, August 6th. National Bankshares increased their target price 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. Jefferies Financial Group boosted their price target on Ero Copper from C$29.00 to C$32.00 in a research note on Friday, July 12th. BMO Capital Markets increased their price objective on Ero Copper from C$41.00 to C$43.00 in a research note on Tuesday, July 23rd. Finally, CIBC upgraded shares of Ero Copper from a "neutral" rating to an "outperform" rating and boosted their target price for the company from C$32.00 to C$36.00 in a research note on Thursday, June 20th.

Ero Copper Stock Down 3.2 %

TSE:ERO traded down C$0.98 on Monday, hitting C$29.80. 174,256 shares of the company's stock traded hands, compared to its average volume of 297,576. The company has a market cap of C$3.08 billion, a PE ratio of -117.42, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. 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 firm has a 50-day moving average price of C$27.26 and a 200-day moving average price of C$27.97. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.89.

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, 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 business had revenue of C$160.22 million during the quarter, compared to analyst estimates of C$154.50 million. Equities analysts anticipate that Ero Copper will post 4.742681 EPS for the current fiscal year.

Ero Copper Company Profile

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.