Ero Copper Corp. (TSE:ERO – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$47.63.
A number of research firms have recently issued reports on ERO. National Bank Financial lifted their price objective on shares of Ero Copper from C$50.00 to C$52.50 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada boosted their price target on Ero Copper from C$52.00 to C$53.00 in a research report on Tuesday, July 21st. Stifel Nicolaus upped their price objective on Ero Copper from C$52.00 to C$53.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. TD raised their price objective on Ero Copper from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Finally, Scotiabank lifted their target price on Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th.
Get Our Latest Stock Report on ERO
Ero Copper Stock Performance
Ero Copper (TSE:ERO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. Ero Copper had a net margin of 29.72% and a return on equity of 30.09%. The business had revenue of C$403.95 million for the quarter. On average, analysts expect that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.
Ero Copper Company Profile
Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.
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