Ero Copper (TSE:ERO – Get Rating) had its price target reduced by research analysts at Scotiabank from C$20.00 to C$19.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 55.61% from the company’s previous close.
A number of other brokerages have also commented on ERO. National Bankshares reduced their target price on shares of Ero Copper from C$16.50 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 19th. Raymond James reduced their target price on shares of Ero Copper from C$22.00 to C$18.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 19th. Stifel Nicolaus cut their price objective on shares of Ero Copper from C$35.00 to C$27.00 in a report on Tuesday, July 19th. BMO Capital Markets cut their price objective on shares of Ero Copper from C$25.00 to C$22.00 in a report on Wednesday. Finally, TD Securities cut their price objective on shares of Ero Copper from C$25.00 to C$23.00 and set a “buy” rating on the stock in a report on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$21.45.
Ero Copper Stock Performance
Shares of TSE:ERO opened at C$12.21 on Thursday. The firm has a market cap of C$1.11 billion and a PE ratio of 3.86. The firm’s 50 day simple moving average is C$12.40 and its 200-day simple moving average is C$15.72. Ero Copper has a one year low of C$10.54 and a one year high of C$25.83. The company has a debt-to-equity ratio of 16.78, a quick ratio of 1.43 and a current ratio of 1.70.
Insider Transactions at Ero Copper
In other Ero Copper news, Director John H. Wright bought 6,000 shares of Ero Copper stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average price of C$13.70 per share, with a total value of C$82,200.00. Following the completion of the acquisition, the director now directly owns 786,332 shares in the company, valued at approximately C$10,772,748.40.
About Ero Copper
Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the CuraÃ§Ã¡ Valley, northeastern Bahia state, as well as gold and silver byproducts.
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