Ero Copper (TSE:ERO) Price Target Lowered to C$25.00 at Canaccord Genuity Group

Ero Copper (TSE:ERO) had its price objective dropped by Canaccord Genuity Group from C$29.00 to C$25.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 24.50% from the stock’s current price.

ERO has been the topic of a number of other reports. Eight Capital dropped their target price on Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. Scotiabank lowered their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday. National Bankshares lowered their price objective on 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 Financial lowered their price objective on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Finally, Raymond James lowered their price objective on Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Ero Copper currently has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Ero Copper Price Performance

TSE:ERO opened at C$20.08 on Wednesday. Ero Copper has a 52 week low of C$18.16 and a 52 week 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 stock has a market capitalization of C$1.41 billion, a PE ratio of 87.84, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The stock’s 50-day moving average price is C$19.81 and its 200-day moving average price is C$24.05.

Insiders Place Their Bets

In other Ero Copper news, Director Chantal Gosselin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total value of C$211,700.00. Corporate insiders own 10.37% of the company’s stock.

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.