Ero Copper (TSE:ERO) Stock Rating Upgraded by Pi Financial

Ero Copper (TSE:ERO) was upgraded by equities research analysts at Pi Financial from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

Several other research firms also recently weighed in on ERO. Cormark boosted their target price on Ero Copper from C$23.50 to C$26.50 in a report on Monday, March 11th. TD Securities increased their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Friday, March 8th. Scotiabank increased their target price on Ero Copper from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 6th. Canaccord Genuity Group increased their target price on Ero Copper from C$26.00 to C$34.00 in a research note on Wednesday. Finally, National Bankshares upped their price target on Ero Copper from C$22.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday, February 22nd. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Ero Copper presently has a consensus rating of “Hold” and an average target price of C$25.88.

Ero Copper Trading Up 1.9 %

TSE:ERO opened at C$27.99 on Thursday. The stock has a 50-day simple moving average of C$24.69 and a 200-day simple moving average of C$21.43. The stock has a market cap of C$2.88 billion, a P/E ratio of 21.05, a P/E/G ratio of -0.72 and a beta of 2.14. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.12. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15.

Ero Copper (TSE:ERO) last posted its earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The firm had revenue of C$158.50 million during the quarter, compared to analysts’ expectations of C$143.80 million. As a group, analysts anticipate that Ero Copper will post 2.0165631 earnings per share for the current fiscal 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.