Ero Copper (TSE:ERO) Upgraded by Raymond James Financial to Moderate Buy Rating

Ero Copper (TSE:ERO) was upgraded by research analysts at Raymond James Financial to a “moderate buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. National Bank Financial raised Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. 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 report on Wednesday, May 7th. Scotiabank upped their price objective on shares of Ero Copper from C$24.00 to C$26.00 in a report on Monday, June 16th. BMO Capital Markets raised shares of Ero Copper to a “strong-buy” rating in a report on Wednesday, April 16th. Finally, Jefferies Financial Group decreased their price objective on Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$29.30.

Ero Copper Price Performance

Shares of ERO opened at C$23.00 on Monday. Ero Copper has a 1-year low of C$13.17 and a 1-year high of C$31.73. The firm has a fifty day moving average price of C$19.87 and a 200 day moving average price of C$18.92. 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 stock has a market cap of C$1.61 billion, a PE ratio of 100.62, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Ero Copper Company Profile

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.