Ero Copper Corp. (ERO.TO) (TSE:ERO) Receives Consensus Recommendation of “Hold” from Analysts

Samuel Edwards

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Shares of Ero Copper Corp. (ERO.TO) (TSE:ERO) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$21.15.

Several brokerages have recently issued reports on ERO. Pi Financial set a C$21.70 target price on shares of Ero Copper Corp. (ERO.TO) and gave the company a “buy” rating in a research report on Wednesday, September 23rd. CIBC lowered shares of Ero Copper Corp. (ERO.TO) from an “outperform” rating to a “neutral” rating and lifted their target price for the company from C$17.50 to C$19.00 in a research report on Wednesday, July 15th. Scotiabank lifted their target price on shares of Ero Copper Corp. (ERO.TO) from C$20.00 to C$21.00 in a research report on Tuesday, October 13th. Raymond James set a C$21.00 target price on shares of Ero Copper Corp. (ERO.TO) and gave the company an “outperform” rating in a research report on Wednesday, September 23rd. Finally, Canaccord Genuity lifted their target price on shares of Ero Copper Corp. (ERO.TO) from C$22.00 to C$23.00 in a research report on Wednesday, October 14th.

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ERO stock opened at C$18.48 on Wednesday. The firm has a market cap of $1.59 billion and a PE ratio of 102.67. The company has a debt-to-equity ratio of 194.35, a quick ratio of 0.48 and a current ratio of 0.78. The firm’s fifty day moving average is C$19.18 and its 200 day moving average is C$17.62. Ero Copper Corp. has a one year low of C$8.40 and a one year high of C$23.93.

Ero Copper Corp. (ERO.TO) (TSE:ERO) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.25 by C$0.06. The firm had revenue of C$98.12 million for the quarter, compared to analyst estimates of C$92.40 million. Research analysts predict that Ero Copper Corp. will post 1.5199999 earnings per share for the current fiscal year.

About Ero Copper Corp. (ERO.TO)

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver deposits. Its principal property is the Vale do Curaçá property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.

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Analyst Recommendations for Ero Copper Corp. (ERO.TO) (TSE:ERO)

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