Ventum Financial Has Lowered Expectations for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its price objective cut by equities researchers at Ventum Financial from C$31.50 to C$29.00 in a note issued to investors on Thursday,BayStreet.CA reports. Ventum Financial’s price objective indicates a potential upside of 30.87% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Jefferies Financial Group dropped their price target on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Scotiabank dropped their price objective on shares of Ero Copper from C$37.00 to C$34.00 in a research report on Wednesday, November 6th. TD Securities reduced their price target on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Finally, Eight Capital dropped their price objective on shares of Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ero Copper presently has an average rating of “Moderate Buy” and a consensus price target of C$33.67.

Ero Copper Stock Down 0.5 %

Shares of ERO traded down C$0.11 during midday trading on Thursday, hitting C$22.16. The company had a trading volume of 95,706 shares, compared to its average volume of 299,923. The firm has a market capitalization of C$2.29 billion, a P/E ratio of -85.46, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 1 year low of C$16.28 and a 1 year high of C$32.89. The company’s 50-day simple moving average is C$26.90 and its 200-day simple moving average is C$27.84. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

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.