Ero Copper’s (ERO) “Outperform” Rating Reiterated at Raymond James

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Ero Copper (TSE:ERO)‘s stock had its “outperform” rating restated by analysts at Raymond James in a research report issued to clients and investors on Monday, BayStreet.CA reports. They currently have a C$17.00 price target on the stock. Raymond James’ price objective indicates a potential downside of 2.97% from the stock’s current price.

A number of other analysts have also recently commented on the stock. National Bank Financial upped their price target on shares of Ero Copper from C$17.50 to C$18.00 in a research report on Thursday, April 18th. Canaccord Genuity upped their price target on shares of Ero Copper from C$16.50 to C$20.00 in a research report on Monday, April 15th. CIBC reaffirmed a “neutral” rating and set a C$17.00 price target on shares of Ero Copper in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets cut shares of Ero Copper from an “outperform” rating to a “market perform” rating and upped their price target for the company from C$16.00 to C$16.50 in a research report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Ero Copper currently has an average rating of “Buy” and an average price target of C$15.82.

TSE ERO opened at C$17.52 on Monday. The firm has a market capitalization of $1.51 billion and a P/E ratio of -438.00. Ero Copper has a twelve month low of C$7.23 and a twelve month high of C$17.89. The company has a debt-to-equity ratio of 146.63, a current ratio of 0.85 and a quick ratio of 0.48.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Thursday, March 14th. The company reported C$0.12 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.23 by C($0.11). The business had revenue of C$112.48 million for the quarter. On average, sell-side analysts anticipate that Ero Copper will post 1.05999992860731 EPS for the current fiscal year.

Ero Copper Company Profile

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.

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