Ero Copper (TSE:ERO) Price Target Cut to C$29.00 by Analysts at Ventum Financial

Ero Copper (TSE:ERO) had its target price decreased by Ventum Financial from C$31.50 to C$29.00 in a report issued on Thursday morning,BayStreet.CA reports.

Several other research firms also recently issued reports on ERO. National Bankshares reduced their price target 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 report on Tuesday, October 15th. Canaccord Genuity Group lifted their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Scotiabank reduced their price target on shares of Ero Copper from C$37.00 to C$34.00 in a research report on Wednesday, November 6th. Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd. Finally, Jefferies Financial Group cut their price objective on shares of Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ero Copper currently has an average rating of “Moderate Buy” and an average price target of C$33.67.

Ero Copper Stock Performance

TSE:ERO opened at C$21.79 on Thursday. The company has a fifty day moving average of C$26.65 and a 200-day moving average of C$27.75. The firm has a market capitalization of C$2.25 billion, a P/E ratio of -83.81, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. Ero Copper has a twelve month low of C$16.28 and a twelve month high of C$32.89.

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.