Ero Copper (TSE:ERO) Price Target Raised to C$28.00

Ero Copper (TSE:ERO) had its target price hoisted by Raymond James from C$26.00 to C$28.00 in a research report released on Friday morning,BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group cut their target price on 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. National Bankshares lowered their price target on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. Jefferies Financial Group reduced their price objective on shares of Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. TD Securities lowered 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, Scotiabank cut their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$30.00.

Ero Copper Stock Performance

Shares of ERO opened at C$14.10 on Friday. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The firm has a market cap of C$988.82 million, a PE ratio of 61.68, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a 1 year low of C$13.62 and a 1 year high of C$32.89. The stock’s fifty day moving average price is C$18.58 and its two-hundred day moving average price is C$21.79.

Ero Copper Company Profile

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.