Shares of Ero Copper Corp. (TSE:ERO – Get Free Report) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$34.15.
ERO has been the subject of a number of analyst reports. Canaccord Genuity Group increased their target price on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Eight Capital lifted their target price on shares of Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Ventum Financial decreased their price objective on shares of Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd.
Ero Copper Stock Performance
Ero Copper (TSE:ERO – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.23 by C$0.02. The business had revenue of C$160.22 million during the quarter, compared to analyst estimates of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. On average, equities analysts forecast that Ero Copper will post 4.742681 EPS for the current 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.
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