At the time of writing, Ero Copper Corp [ERO] stock is trading at $13.74, up 1.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ERO shares have gain 1.85% over the last week, with a monthly amount drifted -9.84%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Raymond James upgraded its rating to Outperform on September 03, 2024. On September 03, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $28 on the stock. Jefferies upgraded its rating to a Buy. BMO Capital Markets upgraded its rating to a Outperform. Scotiabank upgraded its rating to Sector Outperform for this stock on May 30, 2024. In a note dated May 03, 2024, Jefferies initiated an Hold rating.
For the past year, the stock price of Ero Copper Corp fluctuated between $12.78 and $24.34. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Ero Copper Corp [NYSE: ERO] shares were valued at $13.74 at the most recent close of the market. An investor can expect a potential return of 38.28% based on the average ERO price forecast.
Analyzing the ERO fundamentals
According to Ero Copper Corp [NYSE:ERO], the company’s sales were 464.13M for trailing twelve months, which represents an 18.69% jump. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 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 0.8.
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 13.52 points at the first support level, and at 13.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.93, and for the 2nd resistance point, it is at 14.13.
Ratios To Look Out For
It is important to note that Ero Copper Corp [NYSE:ERO] has a current ratio of 0.68. Further, the Quick Ratio stands at 0.42, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 3.06, the price to book ratio is 1.99 and price to earnings (TTM) ratio is 77.19.
