CIBC Increases Ero Copper (TSE:ERO) Price Target to C$18.50

Ero Copper (TSE:ERO) had its price target boosted by CIBC from C$17.00 to C$18.50 in a research report sent to investors on Friday, BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on ERO. National Bank Financial decreased their price objective on Ero Copper from C$22.50 to C$18.00 and set a sector perform rating on the stock in a research report on Friday, October 11th. Cormark upped their price objective on Ero Copper from C$17.50 to C$20.00 in a research report on Tuesday, July 23rd. Canaccord Genuity decreased their price objective on Ero Copper from C$28.50 to C$24.50 in a research report on Friday, October 11th. BMO Capital Markets decreased their price objective on Ero Copper from C$22.50 to C$21.50 in a research report on Thursday, September 26th. Finally, Raymond James restated an outperform rating and set a C$20.00 price objective on shares of Ero Copper in a research report on Thursday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of C$20.14.

Shares of TSE:ERO traded up C$0.01 during mid-day trading on Friday, reaching C$19.13. The stock had a trading volume of 122,854 shares, compared to its average volume of 232,682. The company has a current ratio of 1.09, a quick ratio of 0.47 and a debt-to-equity ratio of 110.58. The company has a market cap of $1.41 billion and a P/E ratio of 29.94. Ero Copper has a 1 year low of C$8.55 and a 1 year high of C$25.69. The business’s 50 day moving average price is C$17.71 and its 200 day moving average price is C$19.68.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.04). The business had revenue of C$102.30 million during the quarter, compared to analyst estimates of C$110.88 million. Analysts predict that Ero Copper will post 1.0399999 earnings per share 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.

Featured Story: What is a Roth IRA?

Analyst Recommendations for Ero Copper (TSE:ERO)

Receive News & Ratings for Ero Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ero Copper and related companies with MarketBeat.com's FREE daily email newsletter.