Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as C$13.33 and last traded at C$13.35, with a volume of 146639 shares. The stock had previously closed at C$13.74.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on ERO shares. Jefferies Financial Group reduced their target price on Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Canaccord Genuity Group decreased their target price on shares of Ero Copper from C$29.00 to C$25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. National Bankshares dropped 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 research note on Wednesday, February 12th. TD Securities reduced their price target on shares of Ero Copper from C$23.00 to C$22.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Finally, Desjardins upgraded Ero Copper to a "hold" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$30.00.
Check Out Our Latest Report on Ero Copper
Ero Copper Stock Up 3.8 %
The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 66.01, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The firm's 50-day moving average is C$17.86 and its 200 day moving average is C$21.12.
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.
Further Reading
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