Ero Copper (TSE:ERO) Price Target Lowered to C$25.00 at Scotiabank

Ero Copper (TSE:ERO) had its price objective lowered by Scotiabank from C$28.50 to C$25.00 in a report released on Wednesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

ERO has been the topic of a number of other research reports. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. TD Securities decreased their price target on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Ventum Financial decreased their price target on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. National Bankshares decreased their price target on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Finally, Eight Capital decreased their price target on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Three research 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. According to MarketBeat, Ero Copper currently has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Ero Copper Stock Up 1.0 %

ERO opened at C$18.82 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The firm 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 52 week low of C$18.16 and a 52 week high of C$32.89. The business’s fifty day simple moving average is C$19.86 and its 200 day simple moving average is C$24.10.

Insider Transactions at Ero Copper

In related news, Director Chantal Gosselin bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. Company 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.