Jefferies Financial Group Lowers Ero Copper (TSE:ERO) Price Target to C$22.00

Ero Copper (TSE:ERO - Get Free Report) had its target price reduced by stock analysts at Jefferies Financial Group from C$25.00 to C$22.00 in a research report issued on Friday,BayStreet.CA reports. Jefferies Financial Group's price objective would suggest a potential upside of 46.18% from the company's previous close.

A number of other analysts have also commented on ERO. National Bankshares decreased their price target on shares of 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. 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 for the company in a research report on Wednesday, February 12th. Scotiabank dropped 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 research report on Wednesday, February 12th. TD Securities decreased their price objective on Ero Copper from C$23.00 to C$22.00 and set a "buy" rating for the company in a report on Monday, March 10th. Finally, Raymond James increased their price objective on Ero Copper from C$26.00 to C$28.00 in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$30.00.

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Ero Copper Stock Up 9.5 %

Ero Copper stock traded up C$1.31 during mid-day trading on Friday, reaching C$15.05. The stock had a trading volume of 689,758 shares, compared to its average volume of 373,984. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$32.89. The stock's 50-day simple moving average is C$18.26 and its 200-day simple moving average is C$21.49. The firm has a market capitalization of C$1.06 billion, a PE ratio of 65.84, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

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.