Raymond James Reaffirms “Outperform” Rating for Ero Copper (TSE:ERO)

Ero Copper (TSE:ERO)‘s stock had its “outperform” rating reissued by equities research analysts at Raymond James in a note issued to investors on Friday, BayStreet.CA reports. They currently have a C$22.00 target price on the stock. Raymond James’ price objective would suggest a potential upside of 0.41% from the company’s current price.

Other equities analysts have also issued research reports about the stock. CIBC dropped their target price on shares of Ero Copper from C$25.00 to C$23.00 in a research report on Friday, September 6th. Cormark raised their price target on Ero Copper from C$17.50 to C$20.00 in a research report on Tuesday, July 23rd. BMO Capital Markets raised their price target on Ero Copper from C$16.50 to C$17.50 and gave the stock a “market perform” rating in a research report on Friday, June 21st. National Bank Financial cut their target price on Ero Copper from C$24.00 to C$22.50 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, TD Securities boosted their price objective on Ero Copper from C$22.00 to C$24.00 in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$21.29.

Shares of ERO opened at C$21.91 on Friday. The company has a debt-to-equity ratio of 114.95, a current ratio of 1.09 and a quick ratio of 0.66. The stock has a market cap of $1.87 billion and a price-to-earnings ratio of 41.18. The company has a 50-day moving average of C$21.67 and a two-hundred day moving average of C$19.21. Ero Copper has a one year low of C$8.55 and a one year high of C$25.69.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.23 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.04). The company had revenue of C$102.30 million for the quarter, compared to analysts’ expectations of C$110.88 million. Analysts anticipate that Ero Copper will post 1.0900001 earnings per share for the current year.

Ero Copper Company Profile

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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