Ero Copper (TSE:ERO) Given New C$34.00 Price Target at Jefferies Financial Group

Ero Copper (TSE:ERO - Free Report) had its target price lowered by Jefferies Financial Group from C$35.00 to C$34.00 in a research report report published on Thursday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

ERO has been the topic of a number of other reports. Ventum Financial lowered their price target on shares of Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd. Ventum Cap Mkts raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Monday, July 22nd. Canaccord Genuity Group increased their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. National Bankshares lowered their target price on shares of Ero Copper from C$33.00 to C$31.50 and set a "sector perform" rating on the stock in a research note on Tuesday. Finally, CIBC raised shares of Ero Copper from a "neutral" rating to an "outperform" rating and raised their target price for the company from C$32.00 to C$36.00 in a research note on Thursday, June 20th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$33.96.

Ero Copper Stock Performance

TSE:ERO traded down C$0.79 on Thursday, reaching C$26.87. 238,709 shares of the company's stock were exchanged, compared to its average volume of 296,872. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The firm has a market cap of C$2.77 billion, a price-to-earnings ratio of -103.00, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.89. The stock has a fifty day simple moving average of C$27.86 and a 200-day simple moving average of C$28.30.

Ero Copper (TSE:ERO - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, topping analysts' consensus estimates of C$0.23 by C$0.02. The firm had revenue of C$160.22 million during the quarter, compared to analyst estimates of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. As a group, sell-side analysts predict that Ero Copper will post 4.7442244 earnings per share for the current year.

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.