Ero Copper (TSE:ERO) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of Ero Copper (TSE:ERO) from a hold rating to a buy rating in a research note released on Wednesday,BayStreet.CA reports. They currently have C$23.00 price objective on the stock, down from their previous price objective of C$26.00.

A number of other research analysts also recently commented on the company. Eight Capital lowered their target price on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Jefferies Financial Group lowered their target price on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Ventum Financial lowered their target price on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. National Bankshares lowered their target price on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Three 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, Ero Copper has an average rating of “Moderate Buy” and an average target price of C$30.38.

Ero Copper Stock Performance

Shares of TSE ERO opened at C$18.82 on Wednesday. The business’s 50-day moving average price is C$19.86 and its two-hundred day moving average price is C$24.10. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a one year low of C$18.16 and a one year high of C$32.89. The company has a market capitalization of C$1.94 billion, a P/E ratio of -72.38, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling

In other Ero Copper news, Director Chantal Gosselin acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired 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 owned by insiders.

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.