Ero Copper (TSE:ERO) PT Raised to C$26.00 at Raymond James

Ero Copper (TSE:EROGet Free Report) had its price objective hoisted by research analysts at Raymond James from C$25.00 to C$26.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Raymond James’ price target points to a potential upside of 0.78% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upped their price objective on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a research report on Friday, March 8th. Pi Financial lowered shares of Ero Copper from a “buy” rating to a “neutral” rating and boosted their target price for the stock from C$24.00 to C$27.00 in a report on Friday, March 8th. CIBC reduced their price objective on shares of Ero Copper from C$25.00 to C$24.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Canaccord Genuity Group reduced their price objective on shares of Ero Copper from C$29.00 to C$27.00 and set a “buy” rating on the stock in a research note on Friday, January 12th. Finally, Cormark upped their price objective on shares of Ero Copper from C$23.50 to C$26.50 in a research note on Monday, March 11th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$25.00.

Get Our Latest Stock Report on Ero Copper

Ero Copper Price Performance

ERO stock opened at C$25.80 on Wednesday. The company has a 50 day simple moving average of C$22.01 and a 200 day simple moving average of C$21.09. The stock has a market cap of C$2.65 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of -0.72 and a beta of 2.14. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.12. The company has a debt-to-equity ratio of 55.09, a current ratio of 1.15 and a quick ratio of 1.43.

Ero Copper Company Profile

(Get Free Report)

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.

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