Ero Copper Corp. (TSE:ERO) Receives Average Rating of “Moderate Buy” from Brokerages

Ero Copper Corp. (TSE:ERO) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$48.33.

A number of research firms have recently weighed in on ERO. Freedom Broker downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Bank of America raised Ero Copper from a “neutral” rating to a “buy” rating and boosted their price target for the company from C$41.00 to C$49.00 in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce increased their price objective on Ero Copper from C$52.00 to C$56.00 in a report on Wednesday. Jefferies Financial Group cut their price objective on shares of Ero Copper from C$42.00 to C$39.00 in a research report on Monday, July 13th. Finally, TD lifted their target price on shares of Ero Copper from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Friday, August 7th.

Ero Copper Trading Up 2.0%

TSE ERO opened at C$52.49 on Friday. Ero Copper has a 1-year low of C$25.12 and a 1-year high of C$56.62. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 47.25. The company has a market capitalization of C$5.47 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of -0.72 and a beta of 1.87. The firm’s fifty day simple moving average is C$46.26 and its 200-day simple moving average is C$41.08.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 earnings per share (EPS) for the quarter. Ero Copper had a return on equity of 30.09% and a net margin of 29.72%.The firm had revenue of C$403.95 million during the quarter. As a group, sell-side analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current fiscal 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.