Ero Copper Corp [ERO] stock is trading at $23.11, up 5.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ERO shares have gain 7.79% over the last week, with a monthly amount glided 6.01%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ero Copper Corp [NYSE: ERO] stock has seen the most recent analyst activity on September 03, 2024, when Raymond James upgraded its rating to a Outperform. Previously, BofA Securities started tracking the stock with Buy rating on September 03, 2024, and set its price target to $28. On August 05, 2024, upgrade upgraded it’s rating to Buy. BMO Capital Markets upgraded its rating to a Outperform. Scotiabank upgraded its rating to a Sector Outperform. In a note dated August 31, 2023, Scotiabank downgraded an Sector Perform rating on this stock.
Ero Copper Corp [ERO] stock has fluctuated between $11.35 and $24.34 over the past year. Ero Copper Corp [NYSE: ERO] shares were valued at $23.11 at the most recent close of the market.
Analyzing the ERO fundamentals
Ero Copper Corp [NYSE:ERO] reported sales of 444.48M for the trailing twelve months, which represents a growth of 11.59%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.70 points at the first support level, and at 22.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.40, and for the 2nd resistance point, it is at 23.69.
Ratios To Look Out For
For context, Ero Copper Corp’s Current Ratio is 0.68. As well, the Quick Ratio is 0.49, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 5.37, the price to book ratio is 3.64.
