Ero Copper (TSE:ERO) Price Target Raised to C$22.00

Ero Copper (TSE:ERO) had its target price hoisted by TD Securities from C$20.00 to C$22.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on ERO. Desjardins upgraded Ero Copper to a “hold” rating in a research note on Thursday, April 3rd. Raymond James upped their target price on shares of Ero Copper from C$26.00 to C$28.00 in a research note on Friday, April 4th. Scotiabank reduced their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. National Bankshares upgraded shares of Ero Copper from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$21.50 to C$23.00 in a research report on Wednesday. Finally, Jefferies Financial Group dropped their target price on shares of Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$30.04.

Ero Copper Price Performance

Shares of TSE ERO opened at C$18.66 on Wednesday. The firm has a market cap of C$1.31 billion, a P/E ratio of 81.63, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$32.89. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The company has a 50 day moving average of C$17.09 and a 200 day moving average of C$19.59.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.