Ero Copper (TSE:ERO) Reaches New 12-Month High - Should You Buy?

Ero Copper Corp. (TSE:ERO - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as C$38.84 and last traded at C$38.54, with a volume of 13255 shares. The stock had previously closed at C$37.73.Wall Street Analysts Forecast GrowthA number of analysts have weighed in on ERO shares. Cibc World Mkts downgraded Ero Copper from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 9th. TD Securities lowered Ero Copper from a "buy" rating to a "hold" rating and upped their target price for the company from C$24.00 to C$33.00 in a research report on Tuesday, October 21st. Canaccord Genuity Group downgraded Ero Copper from a "strong-buy" rating to a "hold" rating in a report on Friday, October 17th. Stifel Canada cut Ero Copper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 21st. Finally, Scotiabank raised shares of Ero Copper from a "hold" rating to an "outperform" rating and raised their price objective for the stock from C$33.00 to C$36.00 in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ero Copper currently has an average rating of "Hold" and an average price target of C$33.90.Read Our Latest Analysis on EROEro Copper Price PerformanceThe firm has a market capitalization of C$4.01 billion, a PE ratio of 29.02, a P/E/G ratio of -0.72 and a beta of 1.64. The firm's fifty day moving average price is C$32.66 and its 200 day moving average price is C$26.15. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper (TSE:ERO - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. The business 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, equities analysts forecast that Ero Copper Corp. will post 4.7442244 earnings per share for the current year. Ero Copper Company Profile (Get Free Report)Further ReadingFive stocks we like better than Ero CopperBombshell Exposé on China StrikesWall Street Stockpicker Names #1 Stock of 2026$100 Trillion “AI Metal” Found in American Ghost TownChilling warning from legendary investorTrump’s new AI budget just passed — one stock could soarThis 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