Scotiabank Increases Ero Copper (TSE:ERO) Price Target to C$30.00

Ero Copper (TSE:ERO – Get Rating) had its price objective raised by Scotiabank from C$25.00 to C$30.00 in a report released on Tuesday, The Fly reports.

A number of other equities research analysts have also commented on the stock. TD Securities raised their price objective on shares of Ero Copper from C$22.00 to C$24.00 and gave the stock a hold rating in a report on Thursday, March 9th. National Bankshares lifted their price target on shares of Ero Copper from C$22.00 to C$24.50 and gave the company a sector perform rating in a research note on Thursday, March 9th. BMO Capital Markets lifted their price target on shares of Ero Copper from C$21.00 to C$23.00 in a research note on Thursday, March 9th. CIBC lowered their price target on shares of Ero Copper from C$27.00 to C$20.00 in a research note on Wednesday, February 8th. Finally, National Bank Financial lifted their price target on shares of Ero Copper from C$22.00 to C$24.50 in a research note on Wednesday, March 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus price target of C$23.65.

Ero Copper Trading Up 0.3 %

Shares of TSE:ERO opened at C$22.87 on Tuesday. Ero Copper has a 12 month low of C$10.54 and a 12 month high of C$25.29. The company has a quick ratio of 1.43, a current ratio of 3.04 and a debt-to-equity ratio of 79.13. The company’s fifty day simple moving average is C$21.53 and its 200 day simple moving average is C$17.94. The firm has a market cap of C$2.11 billion, a price-to-earnings ratio of 15.88, a PEG ratio of -0.72 and a beta of 2.12.

Ero Copper Company Profile

(Get Rating)

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 Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.