Ero Copper Corp. (TSE:ERO) Receives Average Recommendation of "Moderate Buy" from Analysts

Ero Copper Corp. (TSE:ERO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$33.96.

ERO has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Eight Capital increased their price target on Ero Copper from C$30.00 to C$40.00 in a research note on Thursday, July 11th. Ventum Financial decreased their price objective on Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Scotiabank increased their target price on Ero Copper from C$36.00 to C$37.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, TD Securities decreased their target price 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.

Ero Copper Trading Down 0.4 %

ERO traded down C$0.10 during mid-day trading on Friday, reaching C$26.93. The stock had a trading volume of 143,557 shares, compared to its average volume of 293,691. The firm's fifty day simple moving average is C$28.01 and its two-hundred day simple moving average is C$28.32. The stock has a market capitalization of C$2.78 billion, a P/E ratio of -103.81, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of C$160.22 million for the quarter, compared to analysts' expectations of C$154.50 million. Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. On average, equities analysts predict that Ero Copper will post 4.7442244 EPS for the current 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.