Ero Copper (TSE:ERO - Get Free Report) had its target price decreased by stock analysts at Canaccord Genuity Group from C$29.00 to C$25.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 21.95% from the stock's previous close.
Several other brokerages also recently commented on ERO. The Goldman Sachs Group raised shares of Ero Copper to a "strong-buy" rating in a research report on Monday, December 2nd. TD Securities raised Ero Copper from a "hold" rating to a "buy" rating and lowered their price target for the company from C$26.00 to C$23.00 in a report on Wednesday. Scotiabank cut their price target on Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating for the company in a report on Wednesday. National Bankshares cut their price target on Ero Copper from C$33.00 to C$31.50 and set a "sector perform" rating on the stock in a report on Tuesday, October 15th. Finally, Ventum Financial lowered their target price on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$30.38.
Get Our Latest Report on ERO
Ero Copper Stock Performance
TSE ERO traded up C$0.42 on Wednesday, hitting C$20.50. 409,546 shares of the stock were exchanged, compared to its average volume of 366,800. Ero Copper has a 52 week low of C$18.16 and a 52 week high of C$32.89. The company has a market capitalization of C$1.44 billion, a PE ratio of 89.68, a P/E/G ratio of -0.72 and a beta of 1.98. The business's fifty day moving average is C$19.79 and its 200 day moving average is C$23.94. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43.
Insider Buying and Selling at Ero Copper
In related news, Director Chantal Gosselin acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. Company insiders own 10.37% of the company's stock.
About Ero Copper
(
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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.
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