Ero Copper (TSE:ERO – Get Rating) had its price target lowered by research analysts at National Bankshares from C$21.50 to C$16.50 in a research report issued on Wednesday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 52.07% from the stock’s previous close.
ERO has been the topic of several other research reports. TD Securities lowered their price target on shares of Ero Copper from C$25.00 to C$23.00 and set a “buy” rating on the stock in a report on Thursday, May 12th. Scotiabank lifted their price target on shares of Ero Copper from C$24.00 to C$27.00 in a report on Wednesday, April 13th. Raymond James lowered their price target on shares of Ero Copper from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a report on Monday, May 16th. CIBC boosted their target price on shares of Ero Copper from C$22.00 to C$23.00 in a report on Wednesday, March 9th. Finally, Cormark lowered their target price on shares of Ero Copper from C$28.50 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, May 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ero Copper currently has an average rating of “Moderate Buy” and a consensus target price of C$24.00.
TSE ERO traded down C$0.01 during trading hours on Wednesday, hitting C$10.85. 335,497 shares of the company’s stock traded hands, compared to its average volume of 417,538. The business’s fifty day moving average price is C$14.38 and its two-hundred day moving average price is C$16.79. The company has a current ratio of 1.70, a quick ratio of 1.43 and a debt-to-equity ratio of 16.78. The firm has a market capitalization of C$981.85 million and a P/E ratio of 3.83. Ero Copper has a 52 week low of C$10.54 and a 52 week high of C$26.38.
In related news, Director John H. Wright bought 6,000 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was purchased at an average price of C$13.70 per share, for a total transaction of C$82,200.00. Following the acquisition, the director now owns 786,332 shares in the company, valued at C$10,772,748.40.
About Ero Copper (Get Rating)
Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the CuraÃ§Ã¡ Valley, northeastern Bahia state, as well as gold and silver byproducts.
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