Raymond James set a C$22.00 target price on Ero Copper (TSE:ERO) in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Other equities research analysts also recently issued reports about the company. TD Securities upped their target price on Ero Copper from C$22.00 to C$24.00 in a research report on Monday, July 22nd. BMO Capital Markets upped their target price on Ero Copper from C$16.50 to C$17.50 and gave the stock a market perform rating in a research report on Friday, June 21st. Canaccord Genuity upped their target price on Ero Copper from C$16.50 to C$20.00 in a research report on Monday, April 15th. Cormark upped their price target on Ero Copper from C$17.50 to C$20.00 in a report on Tuesday, July 23rd. Finally, National Bank Financial upped their price target on Ero Copper from C$21.50 to C$24.00 and gave the company a sector perform rating in a report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Ero Copper presently has a consensus rating of Hold and an average target price of C$20.64.
ERO opened at C$20.77 on Monday. The company has a market capitalization of $1.77 billion and a price-to-earnings ratio of 39.41. The company has a debt-to-equity ratio of 114.95, a current ratio of 1.09 and a quick ratio of 0.63. Ero Copper has a 1-year low of C$7.62 and a 1-year high of C$25.69. The business has a 50 day moving average price of C$23.28 and a two-hundred day moving average price of C$18.36.
Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.
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