Ero Copper (TSE:ERO) Upgraded to “Buy” at Pi Financial

Pi Financial upgraded shares of Ero Copper (TSE:ERO) from a neutral rating to a buy rating in a research note released on Thursday, Zacks.com reports.

A number of other research analysts also recently issued reports on ERO. Raymond James lifted their price target on Ero Copper from C$25.00 to C$26.00 in a report on Wednesday, March 20th. TD Securities lifted their price target on Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a report on Friday, March 8th. Scotiabank lifted their price target on Ero Copper from C$24.00 to C$25.00 and gave the company a sector perform rating in a report on Tuesday, February 6th. CIBC lifted their price target on Ero Copper from C$24.00 to C$28.50 and gave the company a neutral rating in a report on Wednesday, April 17th. Finally, Canaccord Genuity Group lifted their price target on Ero Copper from C$26.00 to C$34.00 in a report on Wednesday, April 17th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of C$25.96.

Ero Copper Price Performance

Shares of ERO stock opened at C$27.71 on Thursday. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.12. The company has a debt-to-equity ratio of 55.09, a quick ratio of 1.43 and a current ratio of 1.15. The firm has a market capitalization of C$2.85 billion, a P/E ratio of 20.83, a P/E/G ratio of -0.72 and a beta of 2.14. The stock has a 50 day moving average price of C$24.82 and a 200 day moving average price of C$21.47.

Ero Copper (TSE:ERO) last issued its earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.02). The firm had revenue of C$158.50 million for the quarter, compared to the consensus estimate of C$143.80 million. Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. As a group, sell-side analysts predict that Ero Copper will post 2.0165631 earnings per share 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.