Ero Copper (TSE:ERO) Price Target Cut to C$25.00 by Analysts at Canaccord Genuity Group

Ero Copper (TSE:ERO) had its target price lowered by Canaccord Genuity Group from C$29.00 to C$25.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on ERO. The Goldman Sachs Group raised shares of Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Scotiabank decreased their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday. Ventum Financial decreased their price target on shares of Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Jefferies Financial Group reduced their target price on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Finally, Eight Capital reduced their target price on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.38.

Ero Copper Trading Up 1.0 %

Ero Copper stock opened at C$18.82 on Wednesday. The stock has a market cap of C$1.94 billion, a P/E ratio of -72.38, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a fifty-two week low of C$18.16 and a fifty-two week high of C$32.89. The firm’s fifty day moving average price is C$19.86 and its 200-day moving average price is C$24.10. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

Insider Activity

In related news, Director Chantal Gosselin acquired 10,000 shares of Ero Copper stock in a transaction dated Friday, December 27th. The shares were purchased at an average cost of C$19.44 per share, with a total value of C$194,400.00. Insiders own 10.37% of the company’s stock.

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.