Ero Copper’s (ERO) Outperform Rating Reiterated at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Ero Copper (TSE:ERO) in a research report sent to investors on Monday morning, MarketBeat reports. BMO Capital Markets currently has a C$52.00 price objective on the stock. The rating follows a visit to ERO Copper’s operations after the company’s investor day. Matthew Murphy noted progress across the company’s assets.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus upped their price target on Ero Copper from C$52.00 to C$53.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Royal Bank Of Canada raised their price objective on Ero Copper from C$52.00 to C$53.00 in a research note on Tuesday, July 21st. Scotiabank lifted their target price on Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a report on Monday, June 15th. Jefferies Financial Group cut their target price on Ero Copper from C$42.00 to C$39.00 in a research report on Monday, July 13th. Finally, Freedom Broker downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.33.

Ero Copper Price Performance

Shares of Ero Copper stock opened at C$51.46 on Monday. Ero Copper has a 52 week low of C$24.76 and a 52 week high of C$56.62. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 47.25. The stock has a market cap of C$5.37 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of -0.72 and a beta of 1.87. The company’s 50-day moving average price is C$45.90 and its two-hundred day moving average price is C$40.97.

Ero Copper (TSE:ERO) last released its earnings results on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. Ero Copper had a net margin of 29.72% and a return on equity of 30.09%. The business had revenue of C$403.95 million during the quarter. As a group, sell-side analysts anticipate that Ero Copper will post 4.7442244 EPS for the current fiscal year.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.