Ero Copper Corp. (TSE:ERO) Stock Has Consensus Target Price of C$48.67

Ero Copper Corp. (TSE:ERO) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$48.67.

Several analysts have recently commented on ERO shares. Freedom Broker cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Canadian Imperial Bank of Commerce boosted their price target on shares of Ero Copper from C$52.00 to C$56.00 in a research note on Wednesday, September 23rd. Jefferies Financial Group dropped their price target on shares of Ero Copper from C$42.00 to C$39.00 in a research note on Monday, July 13th. ATB Cormark Capital Markets increased their price target on shares of Ero Copper from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$52.00 price objective on shares of Ero Copper in a research report on Monday, September 21st. 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.

Ero Copper Price Performance

Shares of TSE ERO opened at C$43.72 on Tuesday. The company has a debt-to-equity ratio of 47.25, a current ratio of 1.37 and a quick ratio of 1.43. The stock has a fifty day moving average price of C$50.10 and a 200 day moving average price of C$42.57. Ero Copper has a 1-year low of C$27.22 and a 1-year high of C$56.62. The company has a market cap of C$4.56 billion, a PE ratio of 14.82, a P/E/G ratio of -0.72 and a beta of 1.58.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 earnings per share for the quarter. The firm had revenue of C$403.95 million for the quarter. Ero Copper had a net margin of 29.72% and a return on equity of 30.09%. Sell-side analysts forecast that Ero Copper will post 4.74 EPS for the current 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.