Ero Copper (TSE:ERO) PT Raised to C$37.00 at Scotiabank

Ero Copper (TSE:ERO) had its price objective raised by equities research analysts at Scotiabank from C$36.00 to C$37.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 24.54% from the company’s current price.

A number of other research analysts also recently commented on ERO. Canaccord Genuity Group increased their price target on shares of Ero Copper from C$36.00 to C$39.00 in a report on Monday, July 22nd. CIBC raised shares of Ero Copper from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$32.00 to C$36.00 in a report on Thursday, June 20th. Eight Capital increased their price target on shares of Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Ventum Financial decreased their price objective on shares of Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Finally, TD Securities decreased their price objective 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. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and a consensus target price of C$34.15.

Ero Copper Trading Up 1.2 %

Shares of Ero Copper stock opened at C$29.71 on Thursday. 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 twelve month low of C$15.72 and a twelve month high of C$32.89. The business has a 50-day moving average price of C$27.57 and a 200-day moving average price of C$28.15. The firm has a market cap of C$3.07 billion, a price-to-earnings ratio of -114.27, a PEG ratio of -0.72 and a beta of 1.98.

Ero Copper (TSE:ERO) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$160.22 million during the quarter, compared to the consensus estimate of C$154.50 million. Equities research analysts anticipate that Ero Copper will post 4.742681 EPS for the current fiscal 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.