Ero Copper (TSE:ERO - Get Free Report) had its price target reduced by TD Securities from C$23.00 to C$22.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 22.49% from the stock's previous close.
A number of other research firms also recently issued reports on ERO. Raymond James cut their price target on Ero Copper from C$29.00 to C$28.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Canaccord Genuity Group cut their price target on Ero Copper from C$29.00 to C$25.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Ventum Financial cut their price target on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Jefferies Financial Group cut their price target on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Finally, National Bankshares cut their price target on Ero Copper from C$27.00 to C$23.50 and set a "sector perform" rating for the company in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Ero Copper has an average rating of "Moderate Buy" and an average target price of C$30.58.
Read Our Latest Stock Analysis on ERO
Ero Copper Price Performance
TSE ERO remained flat at C$17.96 during trading hours on Monday. The company had a trading volume of 146,699 shares, compared to its average volume of 367,565. Ero Copper has a 52 week low of C$16.11 and a 52 week high of C$32.89. The stock has a 50 day moving average price of C$19.25 and a 200 day moving average price of C$22.87. The company has a market capitalization of C$1.26 billion, a P/E ratio of 78.57, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68.
Insider Transactions at Ero Copper
In related news, Director Chantal Gosselin bought 10,000 shares of the business's stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of C$19.44 per share, with a total value of C$194,400.00. 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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