Ero Copper (TSE:ERO) Price Target Raised to C$53.00

Ero Copper (TSE:ERO) had its price target upped by Royal Bank Of Canada from C$52.00 to C$53.00 in a research report report published on Tuesday,BayStreet.CA reports.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Ero Copper from C$42.00 to C$48.00 in a report on Wednesday, April 22nd. Jefferies Financial Group decreased their price target on Ero Copper from C$42.00 to C$39.00 in a report on Monday, July 13th. The Goldman Sachs Group downgraded Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 price objective on the stock. in a research report on Monday, April 13th. Scotiabank upped their price objective on Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th. Finally, National Bank Financial upgraded Ero Copper from a “hold” rating to a “strong-buy” rating and set a C$50.00 target price for the company in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$47.40.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$37.19 on Tuesday. The company has a market capitalization of C$3.88 billion, a P/E ratio of 13.28, a P/E/G ratio of -0.72 and a beta of 1.78. Ero Copper has a 1-year low of C$17.66 and a 1-year high of C$53.69. The firm’s 50 day simple moving average is C$38.40 and its two-hundred day simple moving average is C$39.83. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.30 and a quick ratio of 1.43.

Insiders Place Their Bets

In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of Ero Copper stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$41.80, for a total value of C$418,000.00. Following the sale, the director owned 200,000 shares of the company’s stock, valued at C$8,360,000. The trade was a 4.76% decrease in their position. 10.37% of the stock is owned by corporate insiders.

Ero Copper Company Profile

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.