Ero Copper Corp (ERO), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Farooq Hamed from Raymond James rated Ero Copper Corp (ERO) a Buy, setting a C$22 price target.
According to TipRanks.com, Hamed ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.7% and a 34.3% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Detour Gold Corporation, and Hudbay Minerals Inc.
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Currently, the analyst consensus on Ero Copper Corp is a Moderate Buy with an average price target of C$23.10.
Ero Copper Corp’s market cap is currently C$1.77B and has a P/E ratio of 84.6. The company has a Price to Book ratio of 11.07.
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$21.54.
