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

Ero Copper Corp. (TSE:ERO) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the stock, Marketbeat reports. Four investment 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 twelve-month target price among analysts that have covered the stock in the last year is C$33.67.

Several research analysts have issued reports on ERO shares. Scotiabank lowered their price objective on shares of Ero Copper from C$37.00 to C$34.00 in a research report on Wednesday, November 6th. Ventum Financial lowered their target price on shares of Ero Copper from C$31.50 to C$29.00 in a report on Thursday. 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. Canaccord Genuity Group lifted their target price 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. Finally, Jefferies Financial Group cut their target price 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.

Ero Copper Trading Down 0.3 %

TSE ERO opened at C$22.20 on Tuesday. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The firm’s fifty day moving average price is C$26.90 and its 200 day moving average price is C$27.84. The company has a market capitalization of C$2.29 billion, a price-to-earnings ratio of -85.23, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. Ero Copper has a 12 month low of C$16.28 and a 12 month 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.