Ero Copper (TSE:ERO) Rating Increased to Hold at Desjardins

Desjardins upgraded shares of Ero Copper (TSE:ERO) to a hold rating in a research report released on Thursday,Zacks.com reports.

Several other research firms have also issued reports on ERO. National Bankshares lowered their price objective on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. Scotiabank lowered their price target on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Raymond James lifted their price objective on shares of Ero Copper from C$26.00 to C$28.00 in a research note on Friday. TD Securities reduced their target price on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Finally, Canaccord Genuity Group dropped their price target on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$30.00.

Ero Copper Stock Down 11.0 %

Shares of TSE ERO opened at C$14.10 on Thursday. 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 has a 12-month low of C$13.62 and a 12-month high of C$32.89. The firm’s 50-day moving average price is C$18.58 and its 200-day moving average price is C$21.88. The stock has a market capitalization of C$988.82 million, a price-to-earnings ratio of 61.68, a P/E/G ratio of -0.72 and a beta of 1.98.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.