Ero Copper (TSE:ERO) Price Target Cut to C$25.00 by Analysts at Scotiabank

Ero Copper (TSE:ERO - Free Report) had its target price reduced by Scotiabank from C$28.50 to C$25.00 in a report released on Wednesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on ERO. TD Securities cut their price target on shares of Ero Copper from C$30.00 to C$27.00 and set a "hold" rating for the company in a research note on Thursday, November 7th. Ventum Financial dropped their price target on shares of Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. The Goldman Sachs Group upgraded shares of Ero Copper to a "strong-buy" rating in a report on Monday, December 2nd. Jefferies Financial Group decreased their price target on shares of Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Finally, National Bankshares decreased their price target on shares of Ero Copper from C$33.00 to C$31.50 and set a "sector perform" rating for the company in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$30.38.

Ero Copper Stock Up 2.1 %

Ero Copper stock traded up C$0.42 during midday trading on Wednesday, hitting C$20.50. 409,546 shares of the stock were exchanged, compared to its average volume of 366,800. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 89.68, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. Ero Copper has a 52-week low of C$18.16 and a 52-week high of C$32.89. The business's 50-day moving average price is C$19.79 and its 200-day moving average price is C$23.94.

Insider Buying and Selling at Ero Copper

In related news, Director Chantal Gosselin acquired 10,000 shares of Ero Copper stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is currently owned by insiders.

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.