Ero Copper (TSE:ERO – Get Free Report) had its price target upped by investment analysts at Scotiabank from C$36.00 to C$37.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 24.54% from the stock’s previous close.
Several other equities analysts have also issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Ero Copper from C$36.00 to C$39.00 in a report on Monday, July 22nd. National Bankshares lifted their price target on shares of Ero Copper from C$32.50 to C$33.00 and gave the stock a “sector perform” rating in a report on Monday, July 15th. BMO Capital Markets lifted their price target on shares of Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. TD Securities cut their price target on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Finally, Eight Capital lifted their price target on shares of Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$34.15.
View Our Latest Analysis on ERO
Ero Copper Stock Performance
Ero Copper (TSE:ERO – Get Free Report) last issued its quarterly earnings data 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 company had revenue of C$160.22 million for 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, sell-side analysts anticipate that Ero Copper will post 4.742681 EPS 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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