Ero Copper (TSE:ERO) Reaches New 52-Week High - What's Next?

Ero Copper Corp. (TSE:ERO - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as C$41.46 and last traded at C$40.50, with a volume of 75704 shares changing hands. The stock had previously closed at C$39.89.Wall Street Analyst Weigh InERO has been the subject of a number of research reports. TD Securities lowered Ero Copper from a "buy" rating to a "hold" rating and increased their price target for the company from C$24.00 to C$33.00 in a research note on Tuesday, October 21st. Raymond James Financial raised their target price on shares of Ero Copper from C$33.00 to C$40.00 and gave the company an "outperform" rating in a report on Tuesday, December 2nd. Scotiabank upgraded shares of Ero Copper from a "hold" rating to an "outperform" rating and increased their price objective for the company from C$33.00 to C$36.00 in a research report on Thursday, November 6th. Jefferies Financial Group cut shares of Ero Copper from a "buy" rating to a "hold" rating and lifted their price objective for the stock from C$37.00 to C$40.00 in a research note on Monday, December 8th. Finally, Ventum Cap Mkts upgraded Ero Copper to a "strong-buy" rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$33.90.Get Our Latest Stock Analysis on EROEro Copper Stock PerformanceThe company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The business has a 50 day moving average price of C$33.49 and a 200 day moving average price of C$26.66. The stock has a market cap of C$4.29 billion, a P/E ratio of 31.06, a PEG ratio of -0.72 and a beta of 1.97. Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The company had revenue of C$246.59 million during the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%. As a group, sell-side analysts expect that Ero Copper Corp. will post 4.7442244 EPS for the current year. About Ero Copper (Get Free Report)See AlsoFive stocks we like better than Ero CopperElon Taking SpaceX Public! $100 Pre-IPO Opportunity!Do not delete, read immediatelyThe $100 Trillion AI Story No One Is Telling YouThis stock gets a 94 out of 100The Crash Has Already Started (Most Just Don’t See It Yet)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ero Copper Right Now?Before you consider Ero Copper, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ero Copper wasn't on the list.While Ero Copper currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here