Ero Copper Corp. (TSE:ERO – Get Free Report) has been given an average rating of “Moderate Buy” by the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$33.96.
A number of equities analysts recently commented on ERO shares. BMO Capital Markets raised their price target on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Ventum Financial lowered their price target on shares of Ero Copper from C$33.00 to C$32.50 in a research report on Thursday, August 22nd. Eight Capital raised their price target on shares of Ero Copper from C$30.00 to C$40.00 in a research report on Thursday, July 11th. National Bankshares lowered their price target on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a research report on Tuesday, October 15th. Finally, TD Securities lowered their price target on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th.
Get Our Latest Stock Report on Ero Copper
Ero Copper Stock Performance
Ero Copper (TSE:ERO – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.23 by C$0.02. The company had revenue of C$160.22 million for the quarter, compared to analyst estimates of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. As a group, equities analysts predict that Ero Copper will post 4.7442244 EPS 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.
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