Ero Copper (TSE:ERO) Price Target Cut to C$22.00 by Analysts at TD Securities

Ero Copper (TSE:ERO) had its price target cut by investment analysts at TD Securities from C$23.00 to C$22.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 30.56% from the company’s current price.

Other equities research analysts have also issued research reports about the company. National Bankshares decreased their price objective on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. Canaccord Genuity Group reduced their target price on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Ventum Financial cut their price objective on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Raymond James dropped their target price on Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a research report on Monday, December 2nd. Three 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.58.

Ero Copper Trading Down 4.8 %

Shares of ERO stock traded down C$0.85 during trading hours on Monday, hitting C$16.85. 204,690 shares of the company were exchanged, compared to its average volume of 369,255. The firm has a market cap of C$1.18 billion, a P/E ratio of 73.71, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a fifty-two week low of C$16.11 and a fifty-two week high of C$32.89. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The company has a 50 day simple moving average of C$19.39 and a two-hundred day simple moving average of C$23.08.

Insider Buying and Selling

In related news, Director Chantal Gosselin acquired 10,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is owned by corporate insiders.

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.