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

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

Several other research analysts also recently weighed in on the stock. Scotiabank dropped their target price on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Canaccord Genuity Group dropped their price objective on Ero Copper from C$26.50 to C$26.00 and set a “buy” rating for the company in a research note on Wednesday. National Bankshares upgraded Ero Copper from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$21.50 to C$23.00 in a research report on Wednesday. Jefferies Financial Group lowered their price target on Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Finally, Raymond James increased their price objective on shares of Ero Copper from C$26.00 to C$28.00 in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ero Copper presently has an average rating of “Buy” and an average price target of C$30.04.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$18.66 on Wednesday. The firm’s 50 day simple moving average is C$17.09 and its two-hundred day simple moving average is C$19.59. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The company has a market capitalization of C$1.31 billion, a P/E ratio of 81.63, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 1-year low of C$13.17 and a 1-year high of C$32.89.

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.