Ero Copper (TSE:ERO) Raised to Hold at Desjardins

Desjardins upgraded shares of Ero Copper (TSE:ERO - Free Report) to a hold rating in a report released on Thursday, April 3rd, MarketBeat reports.

Several other research analysts have also recently issued reports on ERO. Jefferies Financial Group decreased their target price on shares of Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. TD Securities lowered their price objective on Ero Copper from C$23.00 to C$22.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Canaccord Genuity Group reduced their target price on Ero Copper from C$29.00 to C$25.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Raymond James upped their price target on Ero Copper from C$26.00 to C$28.00 in a report on Friday, April 4th. Finally, National Bankshares reduced their price objective on Ero Copper from C$27.00 to C$23.50 and set a "sector perform" rating for the company in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ero Copper currently has a consensus rating of "Moderate Buy" and a consensus price target of C$30.00.

Ero Copper Stock Down 8.2 %

Shares of TSE:ERO traded down C$1.23 on Thursday, hitting C$13.82. 307,346 shares of the company traded hands, compared to its average volume of 372,739. The company has a market cap of C$969.19 million, a PE ratio of 60.46, a PEG ratio of -0.72 and a beta of 1.98. The stock has a 50 day simple moving average of C$18.07 and a 200-day simple moving average of C$21.40. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$32.89. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17.

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.