Ero Copper (TSE:ERO) PT Raised to C$28.50 at CIBC

Ero Copper (TSE:ERO) had its target price upped by analysts at CIBC from C$24.00 to C$28.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 3.79% from the company’s previous close.

A number of other research firms have also recently weighed in on ERO. BMO Capital Markets upped their price target on Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a report on Friday, March 8th. Scotiabank raised their price target on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a report on Tuesday, February 6th. Pi Financial lowered shares of Ero Copper from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from C$24.00 to C$27.00 in a report on Friday, March 8th. National Bankshares raised their price target on shares of Ero Copper from C$22.50 to C$24.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 22nd. Finally, Canaccord Genuity Group upped their price target on shares of Ero Copper from C$26.00 to C$34.00 in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Ero Copper has an average rating of “Hold” and an average price target of C$25.88.

Ero Copper Trading Down 1.1 %

ERO traded down C$0.30 during trading on Wednesday, hitting C$27.46. 223,392 shares of the company’s stock were exchanged, compared to its average volume of 304,766. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.12. The stock has a 50 day moving average price of C$24.41 and a 200 day moving average price of C$21.34. The firm has a market cap of C$2.82 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of -0.72 and a beta of 2.14. The company has a current ratio of 1.15, a quick ratio of 1.43 and a debt-to-equity ratio of 55.09.

Ero Copper (TSE:ERO) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. The business had revenue of C$158.50 million for the quarter, compared to analysts’ expectations of C$143.80 million. As a group, analysts expect that Ero Copper will post 2.0165631 EPS for the current fiscal year.

About Ero Copper

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.