Brokerages Set Ero Copper Corp. (TSE:ERO) Price Target at C$33.96

Shares of Ero Copper Corp. (TSE:ERO) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$33.67.

A number of equities research analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of Ero Copper from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. TD Securities reduced their price target on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Ventum Financial dropped their price objective on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. National Bankshares reduced their target price on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Finally, Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd.

Ero Copper Stock Up 0.7 %

Shares of Ero Copper stock opened at C$21.94 on Tuesday. The company has a market cap of C$2.26 billion, a P/E ratio of -83.81, a PEG ratio of -0.72 and a beta of 1.98. The firm has a fifty day moving average of C$26.65 and a two-hundred day moving average of C$27.75. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a one year low of C$16.28 and a one year 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.