Ero Copper (TSE:ERO) Given New C$28.00 Price Target at Raymond James

Ero Copper (TSE:ERO - Free Report) had its price objective boosted by Raymond James from C$26.00 to C$28.00 in a research note published on Friday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. National Bankshares lowered their target price 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. Canaccord Genuity Group dropped their price objective on shares of 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. Jefferies Financial Group reduced their target price on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. TD Securities dropped their price target on shares of Ero Copper from C$23.00 to C$22.00 and set a "buy" rating for the company in a research note on Monday, March 10th. Finally, Scotiabank cut their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Four investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$30.00.

Ero Copper Price Performance

Shares of TSE ERO traded up C$1.31 during midday trading on Friday, reaching C$15.05. 689,758 shares of the company were exchanged, compared to its average volume of 373,984. Ero Copper has a one year low of C$13.17 and a one year high of C$32.89. The stock has a market cap of C$1.06 billion, a P/E ratio of 65.84, a PEG 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 83.17. The stock's 50-day moving average price is C$18.26 and its 200-day moving average price is C$21.49.

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.