In a report released today, Bryce Adams from Desjardins maintained a Hold rating on Ero Copper, with a price target of C$30.00. The company’s shares opened today at $21.00.
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Adams covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, NGEx Minerals, and Magna Mining. According to TipRanks, Adams has an average return of 22.4% and a 67.11% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ero Copper with a $18.58 average price target.
Based on Ero Copper’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $163.51 million and a net profit of $70.55 million. In comparison, last year the company earned a revenue of $117.09 million and had a GAAP net loss of $53.25 million
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- Ero Copper Extends High-Grade Mineralization at Furnas Project
- Ero Copper announces results from Phase 1 program at Furnas Copper-Gold Project
- Ero Copper files automatic mixed securities shelf
- Ero Copper Corp. Highlights Strong Q2 Earnings and Growth Prospects
- Ero Copper price target lowered to C$23.50 from C$24.50 at National Bank
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