Ero Copper (ERO) Stock Forecast & Price Target

$21.71

+1.20 (+5.85%)

(As of 12:45 PM ET)

Ero Copper - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Ero Copper in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 6 have given a buy rating, and 1 has given a strong buy rating for ERO.

Consensus Price Target

$30.00
38.19% Upside

High Forecast	$32.00
Average Forecast	$30.00
Low Forecast	$28.00

According to the 7 analysts' twelve-month price targets for Ero Copper, the average price target is $30.00. The highest price target for ERO is $32.00, while the lowest price target for ERO is $28.00. The average price target represents a forecasted upside of 38.19% from the current price of $21.71.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Buy	Buy	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)	0 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$30.00	$32.00	$24.00	$24.00
Forecasted Upside	38.19% Upside	40.04% Upside	17.36% Upside	17.36% Upside

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ERO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ERO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ero Copper Stock vs. The Competition

Type	Ero Copper	Basic Materials Companies	S&P 500
Consensus Rating Score	3.14	2.72	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	38.19% Upside	176.44% Upside	6.57% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/3/2024	Bank of America 4 of 5 stars		Initiated Coverage	Buy	$28.00	+36.25%
9/3/2024	Raymond James 4 of 5 stars		Upgrade	Market Perform ➝ Outperform
8/5/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Hold ➝ Buy
7/22/2024	Ventum Cap Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Mackay Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
6/26/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Przybylowski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
5/30/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Wowkodaw Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform
4/18/2024	Pi Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Mackay Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
5/18/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
2/13/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$21.00 ➝ C$22.00
10/17/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:15 PM ET.

ERO Forecast - Frequently Asked Questions

What is Ero Copper's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Ero Copper is $30.00, with a high forecast of $32.00 and a low forecast of $28.00.
Should I buy or sell Ero Copper stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last twelve months. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ERO shares.
Does Ero Copper's stock price have much upside?: According to analysts, Ero Copper's stock has a predicted upside of 40.73% based on their 12-month stock forecasts.
Has Ero Copper been upgraded by Wall Street analysts recently?: Over the previous 90 days, Ero Copper's stock had 4 upgrades by analysts.
What analysts cover Ero Copper?: Ero Copper has been rated by research analysts at Bank of America, BMO Capital Markets, Jefferies Financial Group, Raymond James, and Ventum Cap Mkts in the past 90 days.
Do Wall Street analysts like Ero Copper more than its competitors?: Analysts like Ero Copper more than other "basic materials" companies. The consensus rating for Ero Copper is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how ERO compares to other companies.