Ero Copper (TSE:ERO) PT Lowered to C$23.00

Ero Copper (TSE:EROFree Report) had its price objective reduced by BMO Capital Markets from C$24.00 to C$23.00 in a report released on Friday morning, BayStreet.CA reports.

Several other equities analysts have also recently commented on ERO. Cormark reduced their price objective on shares of Ero Copper from C$31.50 to C$23.50 in a research note on Monday, November 20th. Eight Capital set a C$23.50 price target on shares of Ero Copper and gave the company a neutral rating in a research report on Wednesday, December 6th. Pi Financial dropped their price target on shares of Ero Copper from C$25.00 to C$24.00 in a research report on Wednesday, November 15th. Stifel Nicolaus dropped their target price on shares of Ero Copper from C$30.00 to C$22.00 and set a hold rating for the company in a research report on Friday, November 17th. Finally, TD Securities decreased their price target on shares of Ero Copper from C$23.00 to C$22.00 and set a hold rating for the company in a research note on Thursday, November 16th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Ero Copper presently has an average rating of Hold and a consensus target price of C$24.08.

Read Our Latest Analysis on ERO

Ero Copper Stock Performance

Shares of ERO stock opened at C$20.21 on Friday. The firm has a market cap of C$2.07 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of -0.72 and a beta of 2.25. The company has a debt-to-equity ratio of 67.69, a quick ratio of 1.43 and a current ratio of 1.23. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.12. The firm’s 50-day simple moving average is C$20.31 and its two-hundred day simple moving average is C$22.44.

About Ero Copper

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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.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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