Raymond James Issues Pessimistic Forecast for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO - Free Report) had its target price lowered by Raymond James from C$29.00 to C$28.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock. Raymond James also issued estimates for Ero Copper's Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.19 EPS, Q4 2025 earnings at $1.24 EPS and FY2025 earnings at $3.09 EPS.

Other research analysts also recently issued research reports about the stock. TD Securities raised shares of Ero Copper from a "hold" rating to a "buy" rating and reduced their price target for the stock from C$26.00 to C$23.00 in a research note on Wednesday. Scotiabank cut their price target on Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating for the company in a research note on Wednesday. Ventum Financial lowered 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 upgraded Ero Copper to a "strong-buy" rating in a report on Monday, December 2nd. Finally, National Bankshares cut their price objective 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. Three investment 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$30.38.

Ero Copper Price Performance

ERO stock traded up C$0.42 during trading on Wednesday, hitting C$20.50. 409,546 shares of the company's stock traded hands, compared to its average volume of 366,800. The business has a fifty day simple moving average of C$19.79 and a 200 day simple moving average of C$23.94. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 89.68, 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. Ero Copper has a 52 week low of C$18.16 and a 52 week high of C$32.89.

Insider Buying and Selling at Ero Copper

In other news, Director Chantal Gosselin sold 10,000 shares of the firm's stock in a transaction on Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total value of C$211,700.00. 10.37% of the stock is owned by company insiders.

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.