Ero Copper Corp. (TSE:ERO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$34.15.

A number of analysts have recently commented on ERO shares. Canaccord Genuity Group boosted their price objective on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd. Jefferies Financial Group lifted their target price on shares of Ero Copper from C$32.00 to C$35.00 in a research report on Friday. BMO Capital Markets upped their price target on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Finally, TD Securities lowered their price objective on Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th.

Ero Copper Stock Performance

ERO opened at C$29.71 on Monday. The stock has a market cap of C$3.07 billion, a P/E ratio of -114.27, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The firm has a fifty day moving average price of C$27.57 and a 200 day moving average price of C$28.17. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.89.

Ero Copper (TSE:ERO) last posted its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.23 by C$0.02. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. The business had revenue of C$160.22 million for the quarter, compared to analyst estimates of C$154.50 million. Equities research analysts anticipate that Ero Copper will post 4.742681 earnings per share for the current year.

About Ero Copper

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.