Recent Research Analysts’ Ratings Updates for Ero Copper (ERO)

A number of research firms have changed their ratings and price targets for Ero Copper (TSE: ERO):

• 4/23/2024 – Ero Copper had its price target raised by analysts at Raymond James from C$26.00 to C$30.00.
• 4/22/2024 – Ero Copper had its price target raised by analysts at Eight Capital from C$23.50 to C$30.00. They now have a “neutral” rating on the stock.
• 4/18/2024 – Ero Copper was upgraded by analysts at Pi Financial from a “neutral” rating to a “buy” rating.
• 4/17/2024 – Ero Copper had its price target raised by analysts at CIBC from C$24.00 to C$28.50. They now have a “neutral” rating on the stock.
• 4/17/2024 – Ero Copper had its price target raised by analysts at Canaccord Genuity Group Inc. from C$26.00 to C$34.00.
• 3/20/2024 – Ero Copper had its price target raised by analysts at Raymond James from C$25.00 to C$26.00.
• 3/11/2024 – Ero Copper had its price target raised by analysts at Cormark from C$23.50 to C$26.50.
• 3/8/2024 – Ero Copper was downgraded by analysts at Pi Financial from a “buy” rating to a “neutral” rating. They now have a C$27.00 price target on the stock, up previously from C$24.00.
• 3/8/2024 – Ero Copper had its price target raised by analysts at BMO Capital Markets from C$23.00 to C$23.50. They now have a “market perform” rating on the stock.
• 3/8/2024 – Ero Copper had its price target raised by analysts at TD Securities from C$24.00 to C$25.00. They now have a “hold” rating on the stock.
• 2/27/2024 – Ero Copper had its price target lowered by analysts at CIBC from C$25.00 to C$24.00. They now have a “neutral” rating on the stock.

Ero Copper Price Performance

Shares of TSE ERO opened at C$25.50 on Thursday. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. The stock has a fifty day moving average price of C$25.20 and a 200 day moving average price of C$21.56. Ero Copper Corp. has a 1-year low of C$15.72 and a 1-year high of C$32.12. The company has a market cap of C$2.62 billion, a PE ratio of 19.17, a P/E/G ratio of -0.72 and a beta of 2.14.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. Sell-side analysts forecast that Ero Copper Corp. will post 2.0165631 EPS 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.