Jefferies Financial Group Raises Ero Copper (TSE:ERO) Price Target to C$35.00

Ero Copper (TSE:ERO) had its price target upped by Jefferies Financial Group from C$32.00 to C$35.00 in a research note published on Friday, BayStreet.CA reports.

Several other research firms have also recently issued reports on ERO. Canaccord Genuity Group raised their target price on Ero Copper from C$39.00 to C$40.00 and gave the stock a buy rating in a research note on Thursday, October 3rd. CIBC raised Ero Copper from a neutral rating to an outperform rating and raised their price objective for the stock from C$32.00 to C$36.00 in a research report on Thursday, June 20th. National Bankshares upped their target price on shares of Ero Copper from C$32.50 to C$33.00 and gave the company a sector perform rating in a research report on Monday, July 15th. TD Securities lowered their target price on shares of Ero Copper from C$31.00 to C$30.00 and set a hold rating for the company in a research note on Tuesday, August 6th. Finally, Ventum Cap Mkts upgraded shares of Ero Copper from a hold rating to a strong-buy rating in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ero Copper currently has an average rating of Moderate Buy and an average price target of C$34.15.

Ero Copper Stock Down 4.1 %

TSE ERO opened at C$28.49 on Friday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.89. The business’s fifty day simple moving average is C$27.62 and its 200-day simple moving average is C$28.17. The firm has a market cap of C$2.94 billion, a PE ratio of -109.58, a P/E/G ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO) last posted its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, beating 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 company had revenue of C$160.22 million for the quarter, compared to analyst estimates of C$154.50 million. As a group, equities analysts anticipate that Ero Copper will post 4.742681 earnings per share 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.