Ero Copper (TSE:ERO) Price Target Lowered to C$34.00 at Scotiabank

Ero Copper (TSE:ERO) had its price target trimmed by Scotiabank from C$37.00 to C$34.00 in a report released on Wednesday morning,BayStreet.CA reports.

A number of other research firms have also commented on ERO. National Bankshares reduced their price objective on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. Ventum Financial reduced their price target on shares of Ero Copper from C$33.00 to C$32.50 in a research report on Thursday, August 22nd. Canaccord Genuity Group increased their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their price target on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Finally, Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$33.04.

Ero Copper Price Performance

ERO stock opened at C$24.13 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. Ero Copper has a one year low of C$15.72 and a one year high of C$32.89. The firm has a market capitalization of C$2.49 billion, a PE ratio of -92.81, a P/E/G ratio of -0.72 and a beta of 1.98. The firm has a 50-day moving average of C$27.50 and a two-hundred day moving average of C$28.11.

About Ero Copper

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.