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

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

Other equities research analysts have also issued research reports about the stock. Eight Capital upped their target price on shares of Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Pi Financial raised shares of Ero Copper from a neutral rating to a buy rating in a report on Thursday, April 18th. Canaccord Genuity Group upped their price objective on shares of Ero Copper from C$36.00 to C$39.00 in a report on Monday. Jefferies Financial Group upped their price objective on shares of Ero Copper from C$29.00 to C$32.00 in a report on Friday, July 12th. Finally, CIBC raised shares of Ero Copper from a neutral rating to an outperform rating and upped their price objective for the company from C$32.00 to C$36.00 in a report on Thursday, June 20th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$34.04.

Ero Copper Price Performance

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

Ero Copper (TSE:ERO) last released its 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. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. The business had revenue of C$142.63 million during the quarter, compared to analyst estimates of C$141.98 million. On average, equities analysts anticipate that Ero Copper will post 2.2548878 EPS for the current fiscal year.

Insider Buying and Selling at Ero Copper

In other Ero Copper news, Director Lyle Braaten sold 1,208 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$29.69, for a total value of C$35,865.52. Insiders have sold 16,208 shares of company stock valued at $464,151 over the last 90 days. 10.93% of the stock is owned by insiders.

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.