Ero Copper (ERO) Given New C$11.50 Price Target at Raymond James

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Ero Copper (TSE:ERO) had its target price lowered by stock analysts at Raymond James from C$12.00 to C$11.50 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 27.35% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. BMO Capital Markets raised their price target on shares of Ero Copper from C$11.00 to C$13.00 in a research report on Thursday, June 7th. Cormark raised their price target on shares of Ero Copper from C$10.00 to C$11.00 in a research report on Thursday, June 7th. Finally, Scotiabank reissued an “outperform” rating and set a C$9.50 price target on shares of Ero Copper in a research report on Tuesday, May 15th.

ERO opened at C$9.03 on Thursday. Ero Copper has a 12-month low of C$4.70 and a 12-month high of C$10.85.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Monday, August 13th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Ero Copper had a return on equity of 173.42% and a net margin of 56.62%. The business had revenue of C$61.05 million for the quarter.

In other Ero Copper news, Director Robert Hinman Getz purchased 24,000 shares of Ero Copper stock in a transaction on Tuesday, June 19th. The stock was bought at an average cost of C$10.25 per share, with a total value of C$246,000.00.

Ero Copper Company Profile

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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