Ero Copper (ERO) Stock Forecast & Price Target

C$28.07

+0.24 (+0.86%)

(As of 09:45 AM 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

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
6

Buy
7

Based on 13 Wall Street analysts who have issued ratings for Ero Copper in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 6 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for ERO.

Consensus Price Target

C$34.15
21.67% Upside

According to the 13 analysts' twelve-month price targets for Ero Copper, the average price target is C$34.15. The highest price target for ERO is C$43.00, while the lowest price target for ERO is C$22.00. The average price target represents a forecasted upside of 21.67% from the current price of C$28.07.

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ERO Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
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)	6 Buy rating(s)	5 Buy rating(s)	0 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$34.15	C$33.77	C$32.92	C$26.55
Forecasted Upside	21.67% Upside	33.00% Upside	9.93% Upside	19.81% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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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
Consensus Rating Score	2.62	2.73
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent ERO News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/4/2024	Jefferies Financial Group 2 of 5 stars		Boost Target		C$32.00 ➝ C$35.00	+18.52%
10/3/2024	Canaccord Genuity Group 4 of 5 stars		Boost Target	Buy	C$39.00 ➝ C$40.00	+36.85%
10/3/2024	Scotiabank 5 of 5 stars	O. Wowkodaw Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$36.00 ➝ C$37.00	+26.58%
9/3/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	C$34.00 ➝ C$36.00	+38.51%
8/22/2024	Ventum Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$33.00 ➝ C$32.50	+16.24%
8/6/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$31.00 ➝ C$30.00	+12.99%
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7/23/2024	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	Boost Target		C$41.00 ➝ C$43.00	+60.45%
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
7/15/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$32.50 ➝ C$33.00	+8.23%
7/11/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$30.00 ➝ C$40.00	+33.56%
6/20/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	C$32.00 ➝ C$36.00	+25.13%
5/10/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$30.00 ➝ C$32.50	+10.21%
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
11/17/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$30.00 ➝ C$22.00	+36.14%
5/10/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$25.50 ➝ C$26.50	+7.03%
4/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$22.00 ➝ C$25.00	-6.47%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:17 AM ET.

ERO Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Ero Copper is C$34.15, with a high forecast of C$43.00 and a low forecast of C$22.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ero Copper in the last year. There are currently 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ERO shares.
: According to analysts, Ero Copper's stock has a predicted upside of 21.67% based on their 12-month stock forecasts.
: Over the previous 90 days, Ero Copper's stock had 2 upgrades by analysts.
: Ero Copper has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, Eight Capital, Jefferies Financial Group, National Bankshares, Raymond James, Scotiabank, TD Securities, Ventum Cap Mkts, and Ventum Financial in the past 90 days.
: Analysts like Ero Copper less than other "basic materials" companies. The consensus rating score for Ero Copper is 2.62 while the average consensus rating score for "basic materials" companies is 2.73. Learn more on how ERO compares to other companies.

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This page (TSE:ERO) was last updated on 10/9/2024 by MarketBeat.com Staff

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