Ero Copper (ERO) Receives Outperform Rating from Scotiabank

Scotiabank restated their outperform rating on shares of Ero Copper (TSE:ERO) in a research report sent to investors on Tuesday. Scotiabank currently has a C$9.50 target price on the stock.

Separately, BMO Capital Markets reissued an outperform rating and set a C$10.00 price objective on shares of Ero Copper in a report on Monday, April 2nd.

Shares of TSE ERO opened at C$8.59 on Tuesday. Ero Copper has a 52-week low of C$4.70 and a 52-week high of C$9.07.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Thursday, March 29th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.07 by C$0.23. The company had revenue of C$48.01 million during the quarter. Ero Copper had a return on equity of 173.42% and a net margin of 56.62%.

About Ero Copper

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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