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

Ero Copper Corp. (TSE:ERO)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$44.52 and last traded at C$42.76, with a volume of 252967 shares traded. The stock had previously closed at C$42.86.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Freedom Capital raised Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Ventum Cap Mkts upgraded Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. Raymond James Financial increased their target price on Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Scotiabank boosted their price target on Ero Copper from C$36.00 to C$45.00 in a research note on Thursday, January 8th. Finally, Jefferies Financial Group lowered shares of Ero Copper from a “buy” rating to a “hold” rating and upped their price target for the company from C$37.00 to C$40.00 in a research report on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$34.80.

Ero Copper Stock Up 0.4%

The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The company has a fifty day simple moving average of C$36.33 and a 200-day simple moving average of C$28.28. The firm has a market cap of C$4.47 billion, a P/E ratio of 32.37, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%.The firm had revenue of C$246.59 million for the quarter. On average, equities analysts anticipate that Ero Copper Corp. will post 4.7442244 earnings per share for the current year.

Ero Copper Company Profile