Ero Copper (TSE:ERO) Price Target Raised to C$35.00 at Jefferies Financial Group

Ero Copper (TSE:ERO) had its price objective hoisted by Jefferies Financial Group from C$32.00 to C$35.00 in a research report released on Friday morning, BayStreet.CA reports.

Several other research analysts have also commented on the company. National Bankshares raised their price objective on Ero Copper from C$32.50 to C$33.00 and gave the company a sector perform rating in a research report on Monday, July 15th. Scotiabank lifted their target price on Ero Copper from C$36.00 to C$37.00 and gave the stock an outperform rating in a research report on Thursday. BMO Capital Markets lifted their target price on Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. TD Securities lowered their price objective on Ero Copper from C$31.00 to C$30.00 and set a hold rating for the company in a report on Tuesday, August 6th. Finally, Ventum Cap Mkts raised Ero Copper from a hold rating to a strong-buy rating in a report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ero Copper has an average rating of Moderate Buy and a consensus price target of C$34.15.

Ero Copper Price Performance

ERO stock opened at C$29.71 on Friday. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.89. The stock’s fifty day simple moving average is C$27.57 and its 200-day simple moving average is C$28.17. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The stock has a market capitalization of C$3.07 billion, a price-to-earnings ratio of -114.27, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.23 by C$0.02. Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. The business had revenue of C$160.22 million for the quarter, compared to analysts’ expectations of C$154.50 million. Equities research analysts expect that Ero Copper will post 4.742681 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.