Pi Financial Analysts Give Ero Copper (TSE:ERO) a C$18.00 Price Target

Ero Copper (TSE:ERO) has been given a C$18.00 target price by stock analysts at Pi Financial in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Pi Financial’s price target would suggest a potential downside of 14.20% from the stock’s previous close.

ERO has been the topic of several other research reports. CIBC lifted their price target on shares of Ero Copper from C$18.50 to C$21.00 in a research note on Friday, November 29th. TD Securities raised their target price on Ero Copper from C$18.50 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Raymond James set a C$22.00 target price on Ero Copper and gave the company an “outperform” rating in a research report on Monday, November 18th. National Bank Financial raised their price objective on Ero Copper from C$18.00 to C$19.75 and gave the stock a “sector perform” rating in a research note on Monday, November 18th. Finally, BMO Capital Markets lowered their price objective on Ero Copper from C$22.50 to C$21.50 in a research report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$20.66.

Shares of TSE ERO traded down C$0.26 during midday trading on Wednesday, hitting C$20.98. 133,306 shares of the company’s stock traded hands, compared to its average volume of 226,419. The firm has a fifty day moving average of C$18.48 and a 200 day moving average of C$20.01. Ero Copper has a 1 year low of C$9.38 and a 1 year high of C$25.69. The company has a debt-to-equity ratio of 110.58, a quick ratio of 0.47 and a current ratio of 1.09. The stock has a market capitalization of $1.75 billion and a price-to-earnings ratio of 32.78.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.05). The company had revenue of C$80.57 million for the quarter, compared to the consensus estimate of C$95.76 million. On average, equities analysts anticipate that Ero Copper will post 1.1 earnings per share for the current year.

In other news, Senior Officer Jonathan Nayan Singh sold 2,333 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$21.50, for a total value of C$50,159.50. Following the transaction, the insider now directly owns 75,000 shares in the company, valued at C$1,612,500.

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 ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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