Ero Copper (TSE:ERO) Given New C$29.00 Price Target at Jefferies Financial Group

Ero Copper (TSE:EROFree Report) had its target price lowered by Jefferies Financial Group from C$30.00 to C$29.00 in a report issued on Thursday, BayStreet.CA reports.

Several other brokerages have also recently issued reports on ERO. Pi Financial raised shares of Ero Copper from a neutral rating to a buy rating in a research note on Thursday, April 18th. Canaccord Genuity Group increased their price target on shares of Ero Copper from C$34.00 to C$36.00 and gave the stock a buy rating in a report on Monday, May 13th. Ventum Cap Mkts lowered Ero Copper from a strong-buy rating to a hold rating in a report on Tuesday, May 28th. Cormark increased their target price on Ero Copper from C$30.00 to C$32.50 in a research note on Friday, May 10th. Finally, TD Securities raised their price target on Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a report on Friday, March 8th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to, Ero Copper has a consensus rating of Hold and a consensus target price of C$31.46.

Read Our Latest Stock Report on Ero Copper

Ero Copper Price Performance

Shares of TSE:ERO opened at C$27.52 on Thursday. The company has a debt-to-equity ratio of 62.41, a quick ratio of 1.43 and a current ratio of 0.82. Ero Copper has a one year low of C$15.72 and a one year high of C$32.89. The company has a 50-day simple moving average of C$28.74 and a 200-day simple moving average of C$23.86. The stock has a market capitalization of C$2.83 billion, a price-to-earnings ratio of 30.92, a PEG ratio of -0.72 and a beta of 2.12.

Ero Copper (TSE:EROGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.15. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. The firm had revenue of C$142.63 million during the quarter, compared to the consensus estimate of C$141.98 million. On average, analysts predict that Ero Copper will post 2.2548878 EPS for the current year.

Insider Buying and Selling at Ero Copper

In other news, Director Lyle Braaten sold 5,000 shares of Ero Copper stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$29.45, for a total transaction of C$147,232.50. 10.93% of the stock is owned by corporate insiders.

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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