Ero Copper (TSE:ERO) Given New C$22.00 Price Target at Scotiabank

Ero Copper (TSE:ERO) had its price objective lowered by Scotiabank from C$24.00 to C$22.00 in a research note released on Monday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Other analysts have also issued reports about the company. Raymond James decreased their price objective on Ero Copper from C$28.00 to C$26.00 and set a market perform rating for the company in a report on Monday, October 23rd. National Bankshares set a C$22.50 target price on Ero Copper and gave the stock a sector perform rating in a research note on Wednesday, November 15th. Canaccord Genuity Group lowered their target price on shares of Ero Copper from C$30.00 to C$29.00 and set a buy rating for the company in a report on Friday. Pi Financial decreased their price objective on shares of Ero Copper from C$25.00 to C$24.00 in a report on Wednesday, November 15th. Finally, BMO Capital Markets dropped their target price on shares of Ero Copper from C$25.00 to C$22.00 and set a market perform rating for the company in a report on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of C$24.04.

Ero Copper Trading Up 5.8 %

Shares of ERO opened at C$16.91 on Monday. Ero Copper has a 12-month low of C$14.84 and a 12-month high of C$32.12. The stock’s fifty day simple moving average is C$20.47 and its 200-day simple moving average is C$24.66. The company has a quick ratio of 1.43, a current ratio of 1.23 and a debt-to-equity ratio of 67.69. The firm has a market capitalization of C$1.58 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of -0.72 and a beta of 2.30.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.