Ero Copper (TSE:ERO) Rating Reiterated by Raymond James

Ero Copper (TSE:ERO)‘s stock had its “outperform” rating reissued by Raymond James in a research note issued to investors on Wednesday, July 31st, BayStreet.CA reports. They currently have a C$22.00 target price on the stock. Raymond James’ price target would indicate a potential upside of 13.05% from the company’s previous close.

A number of other analysts have also recently weighed in on ERO. TD Securities raised their price objective on shares of Ero Copper from C$22.00 to C$24.00 in a report on Monday, July 22nd. CIBC reissued a “neutral” rating and set a C$17.00 price objective on shares of Ero Copper in a report on Wednesday, April 3rd. Canaccord Genuity raised their price objective on shares of Ero Copper from C$16.50 to C$20.00 in a report on Monday, April 15th. BMO Capital Markets raised their price objective on shares of Ero Copper from C$16.50 to C$17.50 and gave the stock a “market perform” rating in a report on Friday, June 21st. Finally, National Bank Financial raised their price objective on shares of Ero Copper from C$21.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$20.64.

TSE:ERO traded down C$0.95 during mid-day trading on Wednesday, hitting C$19.46. The stock had a trading volume of 167,000 shares, compared to its average volume of 247,291. The stock has a 50-day simple moving average of C$23.00 and a two-hundred day simple moving average of C$18.55. The company has a market capitalization of $1.75 billion and a PE ratio of 36.58. Ero Copper has a twelve month low of C$8.45 and a twelve month high of C$25.69. The company has a current ratio of 1.09, a quick ratio of 0.66 and a debt-to-equity ratio of 114.95.

Ero Copper (TSE:ERO) last issued its earnings results on Thursday, August 8th. The company reported C$0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.27 by C($0.04). The company had revenue of C$102.30 million for the quarter, compared to analysts’ expectations of C$110.88 million. Sell-side analysts predict that Ero Copper will post 1.1000001 EPS for the current fiscal year.

Ero Copper Company Profile

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 ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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