Ero Copper (TSE:ERO) PT Raised to C$39.00

Ero Copper (TSE:ERO) had its target price hoisted by Canaccord Genuity Group from C$36.00 to C$39.00 in a report issued on Monday morning, BayStreet.CA reports.

Several other analysts have also weighed in on the stock. CIBC upgraded shares of Ero Copper from a neutral rating to an outperform rating and lifted their price objective for the company from C$32.00 to C$36.00 in a research note on Thursday, June 20th. Raymond James lifted their price objective on shares of Ero Copper from C$30.00 to C$34.00 in a research note on Thursday, May 23rd. TD Securities lifted their price target on shares of Ero Copper from C$30.00 to C$31.00 in a research report on Monday. National Bankshares lifted their price target on shares of Ero Copper from C$32.50 to C$33.00 and gave the company a sector perform rating in a research report on Monday, July 15th. Finally, Scotiabank raised shares of Ero Copper from a sector perform rating to an outperform rating and lifted their price target for the company from C$32.00 to C$40.00 in a research report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ero Copper presently has a consensus rating of Moderate Buy and an average target price of C$34.04.

Ero Copper Stock Performance

TSE:ERO opened at C$26.23 on Monday. The company has a fifty day moving average of C$29.17 and a 200-day moving average of C$26.11. The firm has a market capitalization of C$2.70 billion, a P/E ratio of 29.47, a P/E/G ratio of -0.72 and a beta of 2.12. The company has a quick ratio of 1.43, a current ratio of 0.82 and a debt-to-equity ratio of 62.41. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.89.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.15. The company had revenue of C$142.63 million during the quarter, compared to analyst estimates of C$141.98 million. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. As a group, sell-side analysts anticipate that Ero Copper will post 2.2548878 EPS for the current year.

Insider Buying and Selling

In related news, Director Lyle Braaten sold 1,208 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$29.69, for a total value of C$35,865.52. In the last ninety days, insiders have sold 16,208 shares of company stock valued at $464,151. 10.93% of the stock is owned by insiders.

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.