Eight Capital Boosts Ero Copper (TSE:ERO) Price Target to C$30.00

Ero Copper (TSE:ERO) had its target price boosted by Eight Capital from C$23.50 to C$30.00 in a research note published on Monday, BayStreet.CA reports. Eight Capital currently has a neutral rating on the stock.

A number of other brokerages also recently commented on ERO. Canaccord Genuity Group lifted their price objective on Ero Copper from C$26.00 to C$34.00 in a research report on Wednesday, April 17th. BMO Capital Markets lifted their price target on Ero Copper from C$23.00 to C$23.50 and gave the company a market perform rating in a report on Friday, March 8th. CIBC increased their price objective on shares of Ero Copper from C$24.00 to C$28.50 and gave the stock a neutral rating in a report on Wednesday, April 17th. Raymond James boosted their target price on shares of Ero Copper from C$25.00 to C$26.00 in a report on Wednesday, March 20th. Finally, Pi Financial raised shares of Ero Copper from a neutral rating to a buy rating in a research report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of C$26.83.

Ero Copper Price Performance

Ero Copper stock opened at C$25.50 on Monday. The firm’s 50-day moving average is C$25.20 and its two-hundred day moving average is C$21.56. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43. The stock has a market capitalization of C$2.62 billion, a P/E ratio of 19.17, a P/E/G ratio of -0.72 and a beta of 2.14. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.12.

Ero Copper (TSE:ERO) last announced its earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The firm had revenue of C$158.50 million for the quarter, compared to analyst estimates of C$143.80 million. Ero Copper had a return on equity of 13.96% and a net margin of 21.71%. Equities analysts predict that Ero Copper will post 2.0165631 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.