Ero Copper (TSE:ERO) Price Target Raised to C$35.00 at BMO Capital Markets

Ero Copper (TSE:ERO) had its price target hoisted by equities researchers at BMO Capital Markets from C$32.00 to C$35.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 14.34% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Scotiabank boosted their price objective on Ero Copper from C$30.00 to C$32.00 in a research note on Thursday, May 9th. Jefferies Financial Group set a C$30.00 price objective on Ero Copper and gave the company a “hold” rating in a research note on Friday, May 3rd. TD Securities boosted their price objective on Ero Copper from C$24.00 to C$25.00 and gave the company a “hold” rating in a research note on Friday, March 8th. National Bankshares upped their price target on Ero Copper from C$32.25 to C$33.50 in a research note on Thursday, May 9th. Finally, CIBC upped their price target on Ero Copper from C$28.50 to C$32.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$30.42.

Ero Copper Trading Down 5.1 %

TSE ERO opened at C$30.61 on Tuesday. The firm has a market capitalization of C$3.15 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of -0.72 and a beta of 2.12. The company has a current ratio of 0.82, a quick ratio of 1.43 and a debt-to-equity ratio of 62.41. The business’s 50-day moving average price is C$27.79 and its two-hundred day moving average price is C$22.88. Ero Copper has a 12 month low of C$15.72 and a 12 month high of C$32.89.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The business had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. On average, analysts expect that Ero Copper will post 2.2610322 EPS for the current year.

Insiders Place Their Bets

In other Ero Copper news, Director Lyle Braaten sold 1,208 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$29.69, for a total transaction of C$35,865.52. Corporate insiders own 10.96% of the company’s stock.

Ero Copper Company Profile

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.