Ero Copper (TSE:ERO) PT Lowered to C$25.00 at Cormark

Ero Copper (TSE:ERO) had its price objective trimmed by Cormark from C$30.00 to C$25.00 in a research note published on Wednesday morning, Analyst Ratings Network reports. The firm currently has a buy rating on the stock. Cormark also issued estimates for Ero Copper’s Q4 2021 earnings at $0.62 EPS, FY2021 earnings at $2.68 EPS, Q1 2022 earnings at $0.51 EPS, Q2 2022 earnings at $0.51 EPS, Q3 2022 earnings at $0.51 EPS, Q4 2022 earnings at $0.51 EPS, FY2022 earnings at $2.02 EPS, FY2022 earnings at $2.72 EPS, FY2023 earnings at $2.64 EPS and FY2023 earnings at $1.92 EPS.

Several other research analysts have also issued reports on the stock. decreased their price target on shares of Ero Copper from C$32.00 to C$30.00 in a research note on Tuesday, October 19th. Raymond James decreased their price target on shares of Ero Copper from C$28.00 to C$24.00 and set an outperform rating for the company in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of Ero Copper from C$30.00 to C$29.00 and set a market perform rating for the company in a research note on Wednesday. Barclays increased their price target on shares of Ero Copper from C$21.00 to C$23.00 in a research note on Monday, October 18th. Finally, Canaccord Genuity Group reduced their price objective on shares of Ero Copper from C$28.00 to C$23.50 and set a buy rating for the company in a research note on Monday, January 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Buy and an average target price of C$26.71.

Shares of TSE ERO opened at C$16.30 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.44 and a debt-to-equity ratio of 17.46. Ero Copper has a 12 month low of C$16.00 and a 12 month high of C$29.76. The firm has a market capitalization of C$1.46 billion and a PE ratio of 6.11. The firm has a fifty day simple moving average of C$19.94 and a two-hundred day simple moving average of C$22.61.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Wednesday, November 10th. The company reported C$0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.60 by C$0.02. The business had revenue of C$140.77 million during the quarter. On average, sell-side analysts predict that Ero Copper will post 2.6422707 earnings per share for the current year.

Ero Copper Company Profile

Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. The company also explores for copper, gold, and silver deposits. Its principal property is the Vale do Curaçá property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.

Further Reading: Are sell-side analysts objective?

Analyst Recommendations for Ero Copper (TSE:ERO)

Receive News & Ratings for Ero Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ero Copper and related companies with MarketBeat.com's FREE daily email newsletter.