Ero Copper (TSE:ERO) Price Target Cut to C$29.00 by Analysts at Jefferies Financial Group

Ero Copper (TSE:ERO) had its price target cut by Jefferies Financial Group from C$33.00 to C$29.00 in a report issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 43.42% from the stock’s current price.

Several other brokerages also recently issued reports on ERO. Canaccord Genuity Group boosted their price objective on Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Ventum Financial lowered their price target on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Eight Capital lowered their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. TD Securities lowered their price target on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Finally, Scotiabank lowered their target price on Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$32.92.

Ero Copper Stock Performance

Shares of Ero Copper stock traded down C$0.28 during trading on Tuesday, hitting C$20.22. 221,523 shares of the stock were exchanged, compared to its average volume of 258,277. The stock has a market cap of C$2.09 billion, a PE ratio of -77.77, a P/E/G ratio of -0.72 and a beta of 1.98. The stock’s fifty day moving average is C$21.58 and its 200 day moving average is C$25.78. Ero Copper has a 12 month low of C$18.38 and a 12 month high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

Insider Activity at Ero Copper

In other news, Director Chantal Gosselin acquired 10,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is currently owned by corporate insiders.

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.