Ero Copper (TSE:ERO) Stock Rating Upgraded by Desjardins

Ero Copper (TSE:ERO) was upgraded by analysts at Desjardins to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other research firms have also weighed in on ERO. Scotiabank decreased their target price on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Jefferies Financial Group cut their price target on Ero Copper from C$25.00 to C$22.00 in a report on Friday. National Bankshares lowered their price objective on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating on the stock in a research note on Wednesday, February 12th. Canaccord Genuity Group cut their target price on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, TD Securities lowered their price target on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and a consensus price target of C$30.00.

Ero Copper Price Performance

Ero Copper stock opened at C$14.10 on Thursday. The company has a fifty day simple moving average of C$18.58 and a 200-day simple moving average of C$21.88. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The firm has a market capitalization of C$988.82 million, a price-to-earnings ratio of 61.68, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a 52-week low of C$13.62 and a 52-week high of C$32.89.

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.