Ero Copper (TSE:ERO) Sets New 12-Month High – Should You Buy?

Ero Copper Corp. (TSE:EROGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$38.84 and last traded at C$38.54, with a volume of 13255 shares. The stock had previously closed at C$37.73.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stifel Nicolaus downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$26.00 to C$37.00 in a report on Tuesday, October 21st. TD Securities downgraded Ero Copper from a “buy” rating to a “hold” rating and boosted their price target for the company from C$24.00 to C$33.00 in a report on Tuesday, October 21st. Ventum Cap Mkts upgraded Ero Copper to a “strong-buy” rating in a research note on Monday, November 3rd. Jefferies Financial Group cut Ero Copper from a “buy” rating to a “hold” rating and lifted their target price for the company from C$37.00 to C$40.00 in a report on Monday, December 8th. Finally, National Bankshares upped their target price on shares of Ero Copper from C$27.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$33.90.

Check Out Our Latest Stock Analysis on ERO

Ero Copper Trading Up 2.3%

The company has a market capitalization of C$4.01 billion, a price-to-earnings ratio of 29.02, a PEG ratio of -0.72 and a beta of 1.64. The firm has a 50-day moving average price of C$32.66 and a 200-day moving average price of C$26.15. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

Ero Copper (TSE:EROGet Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. The firm had revenue of C$246.59 million for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. As a group, sell-side analysts predict that Ero Copper Corp. will post 4.7442244 EPS for the current year.

Ero Copper Company Profile

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