Ero Copper (TSE:ERO) Given New C$34.00 Price Target at Eight Capital

Ero Copper (TSE:ERO) had its price objective cut by Eight Capital from C$40.00 to C$34.00 in a report published on Wednesday, BayStreet.CA reports.

A number of other equities analysts have also issued reports on ERO. BMO Capital Markets lifted their price objective on shares of Ero Copper from C$41.00 to C$43.00 in a research note on Tuesday, July 23rd. National Bankshares decreased their price objective on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group lowered their target price on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, Scotiabank decreased their price objective on Ero Copper from C$37.00 to C$34.00 in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ero Copper presently has an average rating of “Moderate Buy” and an average price target of C$33.27.

Ero Copper Stock Performance

Ero Copper stock opened at C$23.79 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.89. The company has a market cap of C$2.46 billion, a PE ratio of -91.50, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company’s 50-day moving average price is C$27.64 and its 200-day moving average price is C$28.15.

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.