Ero Copper (TSE:ERO) Price Target Increased to C$28.50 by Analysts at CIBC

Ero Copper (TSE:ERO) had its price target lifted by CIBC from C$24.00 to C$28.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 3.79% from the company’s previous close.

A number of other research firms have also recently commented on ERO. BMO Capital Markets boosted their target price on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a research note on Friday, March 8th. Canaccord Genuity Group increased their target price on Ero Copper from C$26.00 to C$34.00 in a report on Wednesday. Pi Financial downgraded Ero Copper from a “buy” rating to a “neutral” rating and raised their target price for the company from C$24.00 to C$27.00 in a research report on Friday, March 8th. Raymond James lifted their target price on shares of Ero Copper from C$25.00 to C$26.00 in a research note on Wednesday, March 20th. Finally, Scotiabank increased their target price on shares of Ero Copper from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Ero Copper presently has a consensus rating of “Hold” and an average target price of C$25.88.

Ero Copper Stock Performance

Shares of TSE:ERO traded down C$0.30 during trading on Wednesday, hitting C$27.46. 223,392 shares of the stock traded hands, compared to its average volume of 304,766. The company has a market cap of C$2.82 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of -0.72 and a beta of 2.14. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.12. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09. The company has a fifty day moving average price of C$24.41 and a two-hundred day moving average price of C$21.34.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, March 7th. The company reported C$0.29 EPS for the quarter, missing the consensus estimate of C$0.31 by C($0.02). The business had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. As a group, equities analysts predict that Ero Copper will post 2.0165631 EPS for the current year.

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.