Ero Copper (TSE:ERO – Get Rating) had its price objective lowered by stock analysts at Raymond James from C$24.00 to C$23.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 29.00% from the company’s current price.
ERO has been the topic of a number of other reports. Barclays upgraded Ero Copper from an “equal weight” rating to an “overweight” rating and cut their price target for the company from C$23.00 to C$21.00 in a report on Thursday, February 3rd. Cormark lowered their target price on Ero Copper from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday, January 12th. National Bankshares lifted their target price on Ero Copper from C$19.50 to C$20.50 and gave the company a “sector perform” rating in a research report on Thursday, March 10th. BMO Capital Markets lowered their target price on Ero Copper from C$30.00 to C$29.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 12th. Finally, Canaccord Genuity Group lowered their target price on Ero Copper from C$28.00 to C$23.50 and set a “buy” rating on the stock in a research report on Monday, January 10th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$25.92.
Shares of Ero Copper stock traded down C$0.49 during trading on Tuesday, reaching C$17.83. The stock had a trading volume of 113,403 shares, compared to its average volume of 489,771. The company has a market capitalization of C$1.61 billion and a price-to-earnings ratio of 6.40. The stock has a fifty day moving average price of C$17.43 and a two-hundred day moving average price of C$20.35. Ero Copper has a 52 week low of C$15.01 and a 52 week high of C$29.76. The company has a current ratio of 1.70, a quick ratio of 1.43 and a debt-to-equity ratio of 16.78.
Ero Copper Company Profile (Get Rating)
Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. The company also explores for copper, gold, and silver deposits. Its principal property is the Vale do CuraÃ§Ã¡ property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.
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Read More: Ero Copper (TSE:ERO) PT Lowered to C$23.00