Ero Copper (TSE:ERO) Raised to Buy at TD Securities

Ero Copper (TSE:ERO - Get Free Report) was upgraded by equities researchers at TD Securities from a "hold" rating to a "buy" rating in a research report issued on Wednesday, Marketbeat reports. The firm currently has a C$23.00 target price on the stock, down from their previous target price of C$26.00. TD Securities' price objective would suggest a potential upside of 12.20% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group dropped their price target on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. The Goldman Sachs Group upgraded Ero Copper to a "strong-buy" rating in a report on Monday, December 2nd. National Bankshares lowered their target price on Ero Copper from C$33.00 to C$31.50 and set a "sector perform" rating on the stock in a research report on Tuesday, October 15th. Ventum Financial lowered their price target on Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Finally, Eight Capital cut their price target on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$30.38.

Ero Copper Stock Performance

ERO traded up C$0.42 on Wednesday, hitting C$20.50. 409,546 shares of the stock traded hands, 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 current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. The firm 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 has a fifty day moving average price of C$19.79 and a two-hundred day moving average price of C$23.94.

Insider Transactions at Ero Copper

In other Ero Copper news, Director Chantal Gosselin purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were acquired 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.

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.