Today, an analyst has provided a rating update for Ero Copper Corp (ERO). Analyst Farooq Hamed from Raymond James rated Ero Copper Corp (ERO) a Buy, setting a C$17 price target.
According to TipRanks.com, Hamed has 0 stars on 0-5 star ranking scale with an average return of -13.1% and a 34.4% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Hudbay Minerals Inc, and Lundin Mining.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ero Copper Corp with a C$17.88 average price target, which is a 2.1% upside from current levels. In a report issued on April 15, Canaccord Genuity also reiterated a Buy rating on the stock with a C$20 price target.
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Based on Ero Copper Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$14.8 million. In comparison, last year the company had a GAAP net loss of C$5.17 million.
Ero Copper Corp. engages in the exploration, development, and mining of mineral properties in Brazil. It also produces and sells copper, gold, silver products, The company was founded on May 16, 2016 and is headquartered in Vancouver, Canada.
The company’s shares closed on Monday at C$17.52, close to its 52-week high of C$17.89.
