Ero Copper (TSE:ERO – Get Free Report) had its price objective raised by research analysts at Canaccord Genuity Group from C$39.00 to C$40.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 34.63% from the stock’s current price.
A number of other research analysts also recently commented on the stock. TD Securities dropped 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. Jefferies Financial Group increased their target price on shares of Ero Copper from C$29.00 to C$32.00 in a research report on Friday, July 12th. BMO Capital Markets increased their target price on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Ventum Financial dropped their target price on shares of Ero Copper from C$33.00 to C$32.50 in a research report on Thursday, August 22nd. Finally, CIBC raised shares of Ero Copper from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$32.00 to C$36.00 in a research report on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$34.15.
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Ero Copper Price Performance
Ero Copper (TSE:ERO – Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.02. The firm had revenue of C$160.22 million for the quarter, compared to the consensus estimate of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. Equities analysts forecast 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.
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