Ero Copper (TSE:ERO) Hits New 52-Week High – Here’s Why

Ero Copper Corp. (TSE:EROGet Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as C$43.25 and last traded at C$43.06, with a volume of 175372 shares trading hands. The stock had previously closed at C$40.69.

Analysts Set New Price Targets

ERO has been the topic of a number of recent analyst reports. National Bankshares increased their price objective on Ero Copper from C$27.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. CIBC increased their price target on shares of Ero Copper from C$37.00 to C$42.00 in a research note on Friday, December 5th. TD Securities cut shares of Ero Copper from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$24.00 to C$33.00 in a report on Tuesday, October 21st. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Stifel Canada cut Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Two analysts have 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, the stock currently has a consensus rating of “Hold” and a consensus price target of C$34.80.

Read Our Latest Stock Report on ERO

Ero Copper Stock Performance

The stock has a 50 day moving average of C$34.91 and a two-hundred day moving average of C$27.49. The stock has a market capitalization of C$4.47 billion, a PE ratio of 32.36, a P/E/G ratio of -0.72 and a beta of 1.97. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43.

Ero Copper (TSE:EROGet Free Report) last issued its earnings results on Tuesday, November 4th. The company reported C$0.27 EPS for the quarter. The company 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%. Research analysts expect that Ero Copper Corp. will post 4.7442244 EPS for the current fiscal year.

About Ero Copper

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