Investment Analysts’ Weekly Ratings Changes for Ero Copper (ERO)

Several analysts have recently updated their ratings and price targets for Ero Copper (TSE: ERO):

• 10/17/2024 – Ero Copper had its price target lowered by analysts at Jefferies Financial Group Inc. from C$35.00 to C$34.00. They now have a “buy” rating on the stock.
• 10/15/2024 – Ero Copper had its price target lowered by analysts at National Bankshares, Inc. from C$33.00 to C$31.50. They now have a “sector perform” rating on the stock.
• 10/4/2024 – Ero Copper had its price target raised by analysts at Jefferies Financial Group Inc. from C$32.00 to C$35.00.
• 10/3/2024 – Ero Copper had its price target raised by analysts at Scotiabank from C$36.00 to C$37.00. They now have an “outperform” rating on the stock.
• 10/3/2024 – Ero Copper had its price target raised by analysts at Canaccord Genuity Group Inc. from C$39.00 to C$40.00. They now have a “buy” rating on the stock.
• 9/3/2024 – Ero Copper was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a C$36.00 price target on the stock, up previously from C$34.00.
• 8/22/2024 – Ero Copper had its price target lowered by analysts at Ventum Financial from C$33.00 to C$32.50.
• 8/19/2024 – Ero Copper had its price target lowered by analysts at Scotiabank from C$40.00 to C$36.00.

Ero Copper Stock Down 3.2 %

Shares of TSE:ERO traded down C$0.88 during midday trading on Thursday, reaching C$26.78. 170,127 shares of the company were exchanged, compared to its average volume of 296,531. The stock has a fifty day simple moving average of C$27.86 and a two-hundred day simple moving average of C$28.30. 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 firm has a market cap of C$2.76 billion, a PE ratio of -103.00, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper Corp. has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.89.

Ero Copper (TSE:ERO) last announced its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.02. The company had revenue of C$160.22 million for the quarter, compared to analyst estimates of C$154.50 million. Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. As a group, sell-side analysts forecast that Ero Copper Corp. will post 4.7442244 earnings per share for the current year.

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.