Canaccord Genuity Raises Ero Copper (TSE:ERO) Price Target to C$22.00

Ero Copper (TSE:ERO) had its price target upped by Canaccord Genuity from C$20.00 to C$22.00 in a research note published on Wednesday, BayStreet.CA reports.

Several other analysts also recently commented on the stock. BMO Capital Markets reduced their target price on shares of Ero Copper from C$20.00 to C$17.00 in a report on Wednesday, April 1st. CIBC lifted their target price on shares of Ero Copper from C$15.00 to C$17.50 in a report on Monday, May 11th. Raymond James set a C$18.00 target price on shares of Ero Copper and gave the stock an outperform rating in a report on Monday, May 11th. Scotiabank reduced their target price on shares of Ero Copper from C$21.00 to C$20.00 in a report on Monday, May 11th. Finally, National Bank Financial lifted their target price on shares of Ero Copper from C$15.25 to C$16.00 and gave the stock a sector perform rating in a report on Monday, May 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$18.28.

Ero Copper stock opened at C$16.27 on Wednesday. The firm has a market capitalization of $1.37 billion and a PE ratio of 61.63. The company’s 50-day moving average is C$13.85 and its 200-day moving average is C$17.15. Ero Copper has a fifty-two week low of C$8.40 and a fifty-two week high of C$25.69. The company has a debt-to-equity ratio of 192.01, a current ratio of 0.87 and a quick ratio of 0.50.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Thursday, March 12th. The company reported C$0.58 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.36. The firm had revenue of C$99.92 million for the quarter, compared to analyst estimates of C$93.72 million. As a group, analysts expect that Ero Copper will post 1.23 EPS for the current year.

About Ero Copper

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. 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 also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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