Ero Copper Corp. (NYSE:ERO – Get Free Report) has been given an average rating of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $30.00.
ERO has been the subject of a number of recent research reports. Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 3rd. Jefferies Financial Group raised shares of Ero Copper from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. StockNews.com upgraded shares of Ero Copper from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Bank of America initiated coverage on Ero Copper in a report on Tuesday, September 3rd. They issued a “buy” rating and a $28.00 price target for the company.
Institutional Investors Weigh In On Ero Copper
Ero Copper Stock Down 0.6 %
ERO stock opened at $19.39 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.60. The company’s 50 day simple moving average is $20.60 and its 200-day simple moving average is $20.68. Ero Copper has a 12 month low of $11.35 and a 12 month high of $24.34. The firm has a market capitalization of $2.00 billion, a PE ratio of -102.05 and a beta of 1.20.
Ero Copper (NYSE:ERO – Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Ero Copper had a positive return on equity of 9.89% and a negative net margin of 4.79%. The firm had revenue of $117.10 million for the quarter. During the same quarter last year, the company posted $0.24 EPS. Equities analysts expect that Ero Copper will post 1.16 earnings per share for the current fiscal year.
About Ero Copper
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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