Ero Copper (TSE:ERO) Given New C$35.00 Price Target at Jefferies Financial Group

Ero Copper (TSE:EROFree Report) had its price target boosted by Jefferies Financial Group from C$32.00 to C$35.00 in a research note issued to investors on Friday, BayStreet.CA reports.

Several other research firms also recently weighed in on ERO. Ventum Cap Mkts raised shares of Ero Copper from a hold rating to a strong-buy rating in a research report on Monday, July 22nd. National Bankshares increased their price target on shares of Ero Copper from C$32.50 to C$33.00 and gave the stock a sector perform rating in a report on Monday, July 15th. Ventum Financial decreased their price objective on shares of Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Eight Capital raised their target price on shares of Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Finally, BMO Capital Markets upped their price target on shares of Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ero Copper currently has a consensus rating of Moderate Buy and a consensus price target of C$34.15.

View Our Latest Stock Report on Ero Copper

Ero Copper Price Performance

TSE ERO opened at C$28.49 on Friday. The firm’s fifty day simple moving average is C$27.62 and its two-hundred day simple moving average is C$28.17. The firm has a market capitalization of C$2.94 billion, a P/E ratio of -109.58, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.89.

Ero Copper (TSE:EROGet Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.02. Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. The company had revenue of C$160.22 million during the quarter, compared to analysts’ expectations of C$154.50 million. Analysts forecast that Ero Copper will post 4.742681 EPS for the current fiscal year.

About Ero Copper

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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.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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