Analysts Set Ero Copper Corp. (TSE:ERO) PT at C$24.63


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Ero Copper Corp. (TSE:ERO) has earned a consensus rating of “Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$24.75.

ERO has been the topic of several recent analyst reports. Cormark raised their target price on shares of Ero Copper from C$25.00 to C$27.50 and gave the company a “strong-buy” rating in a report on Friday, March 19th. Raymond James raised their target price on shares of Ero Copper from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Tuesday. Canaccord Genuity raised their target price on shares of Ero Copper from C$25.00 to C$26.00 in a report on Friday, January 8th. TD Securities raised their target price on shares of Ero Copper from C$22.00 to C$23.00 in a report on Wednesday, December 16th. Finally, BMO Capital Markets boosted their target price on shares of Ero Copper from C$23.00 to C$24.00 in a report on Tuesday, February 23rd.

Ero Copper stock traded up C$0.63 during midday trading on Friday, hitting C$22.58. The company’s stock had a trading volume of 109,314 shares, compared to its average volume of 257,179. Ero Copper has a 1-year low of C$11.44 and a 1-year high of C$25.14. The company has a debt-to-equity ratio of 79.34, a current ratio of 1.39 and a quick ratio of 1.01. The company has a 50-day moving average price of C$22.77 and a two-hundred day moving average price of C$20.63. The company has a market cap of C$1.98 billion and a price-to-earnings ratio of 39.20.

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 deposits. Its principal property is the Vale do Curaçá property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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