BMO Capital Markets Increases Ero Copper (ERO) Price Target to C$10.50

Ero Copper (TSE:ERO) had its target price boosted by equities researchers at BMO Capital Markets from C$10.00 to C$10.50 in a research note issued on Friday. BMO Capital Markets’ target price points to a potential upside of 18.64% from the company’s previous close.

Separately, Scotiabank reissued an “outperform” rating and issued a C$9.50 target price on shares of Ero Copper in a research note on Tuesday, May 15th.

Ero Copper opened at C$8.85 on Friday, according to Marketbeat.com. Ero Copper has a 12 month low of C$4.70 and a 12 month high of C$9.07.

Ero Copper (TSE:ERO) last released its earnings results on Thursday, March 29th. The company reported C$0.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.23. Ero Copper had a return on equity of 173.42% and a net margin of 56.62%. The firm had revenue of C$48.01 million for the quarter.

About Ero Copper

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper. 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 was incorporated in 2016 and is headquartered in Vancouver, Canada.

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