Eight Capital Cuts Ero Copper (TSE:ERO) Price Target to C$34.00

Ero Copper (TSE:ERO) had its price objective cut by stock analysts at Eight Capital from C$40.00 to C$34.00 in a research report issued on Wednesday,BayStreet.CA reports. Eight Capital’s price objective points to a potential upside of 36.33% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. National Bankshares dropped their price target on 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. Jefferies Financial Group dropped their target price on 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 shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Ventum Financial reduced their target price on shares of Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and an average target price of C$33.04.

Ero Copper Stock Performance

Ero Copper stock opened at C$24.94 on Wednesday. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. The stock has a market cap of C$2.57 billion, a P/E ratio of -95.92, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The firm’s fifty day moving average price is C$27.57 and its 200-day moving average price is C$28.14.

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.