Ero Copper Corp. (TSE:ERO) Given Average Rating of “Hold” by Brokerages

Shares of Ero Copper Corp. (TSE:ERO – Get Rating) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$27.15.

ERO has been the topic of a number of recent analyst reports. CIBC lifted their price target on Ero Copper from C$23.50 to C$27.00 in a report on Tuesday, May 9th. National Bankshares boosted their target price on Ero Copper from C$24.50 to C$25.50 and gave the stock a “sector perform” rating in a research report on Tuesday, April 18th. Cormark increased their price target on shares of Ero Copper from C$25.00 to C$26.50 in a research report on Thursday, March 30th. Stifel Nicolaus set a C$30.00 price objective on Ero Copper and gave the company a “hold” rating in a research note on Friday, May 19th. Finally, TD Securities increased their price objective on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Monday, April 10th.

Ero Copper Price Performance

Shares of TSE ERO opened at C$23.60 on Friday. The stock has a market capitalization of C$2.18 billion, a PE ratio of 21.38, a P/E/G ratio of -0.72 and a beta of 2.12. The company has a debt-to-equity ratio of 71.95, a current ratio of 2.95 and a quick ratio of 1.43. The business has a fifty day moving average price of C$24.81 and a two-hundred day moving average price of C$21.48. Ero Copper has a fifty-two week low of C$10.54 and a fifty-two week high of C$28.05.

Ero Copper (TSE:ERO – Get Rating) last issued its earnings results on Tuesday, March 7th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.41 by C($0.08). Ero Copper had a return on equity of 13.37% and a net margin of 17.66%. The firm had revenue of C$158.45 million during the quarter, compared to analyst estimates of C$167.50 million. As a group, equities analysts predict that Ero Copper will post 1.5936693 earnings per share for the current fiscal year.

Ero Copper Company Profile

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Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.