Ero Copper (TSE:ERO – Free Report) had its price target lowered by National Bankshares from C$33.00 to C$31.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Several other research firms also recently weighed in on ERO. Raymond James upgraded Ero Copper from a market perform rating to an outperform rating and lifted their target price for the company from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd. Ventum Cap Mkts raised shares of Ero Copper from a hold rating to a strong-buy rating in a report on Monday, July 22nd. Ventum Financial lowered their price target on shares of Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd. BMO Capital Markets raised their price objective on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Finally, TD Securities dropped their target price on shares of 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. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of C$34.04.
View Our Latest Analysis on ERO
Ero Copper Price Performance
Ero Copper (TSE:ERO – Get Free Report) last announced 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 business had revenue of C$160.22 million during the quarter, compared to analysts’ expectations 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 research analysts anticipate that Ero Copper will post 4.7442244 earnings per share 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.
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