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

Ero Copper (TSE:ERO) had its target price decreased by Canaccord Genuity Group from C$30.00 to C$29.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. CIBC lowered their target price on Ero Copper from C$26.00 to C$24.00 and set a neutral rating on the stock in a report on Friday, November 3rd. National Bankshares set a C$22.50 price objective on Ero Copper and gave the company a sector perform rating in a research report on Wednesday, November 15th. Pi Financial lowered their price objective on Ero Copper from C$25.00 to C$24.00 in a research report on Wednesday, November 15th. TD Securities lowered their price objective on Ero Copper from C$23.00 to C$22.00 and set a hold rating on the stock in a research report on Thursday, November 16th. Finally, BMO Capital Markets lowered their price objective on Ero Copper from C$25.00 to C$22.00 and set a market perform rating on the stock in a research report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$24.04.

Ero Copper Stock Performance

ERO opened at C$16.91 on Friday. The firm has a market capitalization of C$1.58 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of -0.72 and a beta of 2.30. The stock’s 50 day moving average price is C$20.47 and its two-hundred day moving average price is C$24.66. The company has a quick ratio of 1.43, a current ratio of 1.23 and a debt-to-equity ratio of 67.69. Ero Copper has a 12-month low of C$14.84 and a 12-month high of C$32.12.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.