Ero Copper (TSE:ERO) Stock Rating Upgraded by Pi Financial

Ero Copper (TSE:EROGet Free Report) was upgraded by equities researchers at Pi Financial from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

Other analysts have also issued reports about the stock. BMO Capital Markets raised their price objective on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a report on Friday, March 8th. Scotiabank raised their price objective on shares of Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 6th. Raymond James raised their target price on shares of Ero Copper from C$25.00 to C$26.00 in a research note on Wednesday, March 20th. Canaccord Genuity Group raised their target price on shares of Ero Copper from C$26.00 to C$34.00 in a research note on Wednesday. Finally, TD Securities raised their target price on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a research note on Friday, March 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$25.88.

View Our Latest Research Report on Ero Copper

Ero Copper Stock Performance

Shares of ERO opened at C$27.99 on Thursday. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The company has a 50-day simple moving average of C$24.69 and a two-hundred day simple moving average of C$21.43. The firm has a market capitalization of C$2.88 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:EROGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. The company had revenue of C$158.50 million during the quarter, compared to analysts’ expectations of C$143.80 million. On average, analysts anticipate that Ero Copper will post 2.0165631 EPS for the current fiscal year.

Ero Copper Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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