BMO Capital Markets Boosts Ero Copper (TSE:ERO) Price Target to C$43.00

Ero Copper (TSE:ERO) had its price target upped by BMO Capital Markets from C$41.00 to C$43.00 in a report released on Tuesday morning, BayStreet.CA reports.

A number of other analysts have also issued reports on the stock. TD Securities increased their price target on shares of Ero Copper from C$30.00 to C$31.00 in a research report on Monday. National Bankshares raised their price objective on shares of Ero Copper from C$32.50 to C$33.00 and gave the company a sector perform rating in a research report on Monday, July 15th. Jefferies Financial Group raised their price objective on shares of Ero Copper from C$29.00 to C$32.00 in a research report on Friday, July 12th. Canaccord Genuity Group raised their price objective on shares of Ero Copper from C$36.00 to C$39.00 in a research report on Monday. Finally, Eight Capital increased their price target on Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of C$34.04.

Ero Copper Price Performance

TSE ERO opened at C$26.23 on Tuesday. The company has a 50 day simple moving average of C$29.17 and a 200-day simple moving average of C$26.11. The company has a debt-to-equity ratio of 62.41, a current ratio of 0.82 and a quick ratio of 1.43. The firm has a market capitalization of C$2.70 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of -0.72 and a beta of 2.12. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.89.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.15. The business had revenue of C$142.63 million during the quarter, compared to analyst estimates of C$141.98 million. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. Equities research analysts predict that Ero Copper will post 2.2548878 earnings per share for the current fiscal year.

Insider Transactions at Ero Copper

In other news, Director Lyle Braaten sold 1,208 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$29.69, for a total value of C$35,865.52. Over the last quarter, insiders have sold 16,208 shares of company stock worth $464,151. Insiders own 10.93% of the company’s stock.

About Ero Copper

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.