TD Securities Lowers Ero Copper (TSE:ERO) Price Target to C$27.00

Ero Copper (TSE:ERO) had its price target dropped by equities researchers at TD Securities from C$30.00 to C$27.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 8.91% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Scotiabank dropped their target price on shares of Ero Copper from C$37.00 to C$34.00 in a research report on Wednesday. Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Canaccord Genuity Group lifted their price target on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their price target on Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. Finally, Ventum Financial reduced their price objective on Ero Copper from C$33.00 to C$32.50 in a research note on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$33.04.

Ero Copper Price Performance

Shares of TSE ERO traded up C$1.00 during mid-day trading on Thursday, reaching C$24.79. The company had a trading volume of 310,414 shares, compared to its average volume of 298,025. The firm has a market cap of C$2.56 billion, a price-to-earnings ratio of -95.23, a PEG ratio of -0.72 and a beta of 1.98. The business’s 50-day simple moving average is C$27.64 and its 200 day simple moving average is C$28.15. Ero Copper has a one year low of C$15.72 and a one year high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

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.