Ero Copper (TSE:ERO) Given New C$29.00 Price Target at Jefferies Financial Group

Ero Copper (TSE:ERO - Get Free Report) had its price objective cut by stock analysts at Jefferies Financial Group from C$33.00 to C$29.00 in a report released on Tuesday,BayStreet.CA reports. Jefferies Financial Group's price objective indicates a potential upside of 43.00% from the company's current price.

ERO has been the topic of a number of other reports. Canaccord Genuity Group raised their price target on Ero Copper from C$39.00 to C$40.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Ventum Financial reduced their target price on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. The Goldman Sachs Group raised Ero Copper to a "strong-buy" rating in a report on Monday, December 2nd. Eight Capital reduced their target price on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Finally, Scotiabank reduced their target price on Ero Copper from C$34.00 to C$30.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Ero Copper presently has an average rating of "Moderate Buy" and an average target price of C$32.92.

Ero Copper Stock Down 1.1 %

Shares of Ero Copper stock traded down C$0.22 during midday trading on Tuesday, hitting C$20.28. The company had a trading volume of 353,448 shares, compared to its average volume of 292,409. The company has a 50 day moving average of C$21.58 and a 200 day moving average of C$25.78. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a 52-week low of C$18.38 and a 52-week high of C$32.89. The stock has a market capitalization of C$2.09 billion, a P/E ratio of -78.00, a P/E/G ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling at Ero Copper

In related news, Director Chantal Gosselin purchased 10,000 shares of the firm's stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of C$19.44 per share, with a total value of C$194,400.00. Company 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.