Ero Copper (TSE:ERO) Price Target Lowered to C$34.00 at Scotiabank

Ero Copper (TSE:ERO) had its target price decreased by Scotiabank from C$37.00 to C$34.00 in a research report report published on Wednesday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on ERO. Raymond James upgraded Ero Copper from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Ventum Financial dropped their price objective on shares of Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd. National Bankshares dropped their price objective on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. Ventum Cap Mkts raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Finally, TD Securities dropped their price objective on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and a consensus target price of C$33.04.

Ero Copper Stock Down 3.2 %

Shares of Ero Copper stock opened at C$24.13 on Wednesday. The stock has a market capitalization of C$2.49 billion, a price-to-earnings ratio of -92.81, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.89. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The business’s 50 day simple moving average is C$27.50 and its 200-day simple moving average is C$28.11.

About Ero Copper

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.