Ero Copper (TSE:ERO) Given New C$27.00 Price Target at BMO Capital Markets

Ero Copper (TSE:ERO) had its target price upped by BMO Capital Markets from C$24.00 to C$27.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently commented on ERO. Jefferies Financial Group dropped their price objective on shares of Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th. National Bankshares raised Ero Copper from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$21.50 to C$23.00 in a report on Wednesday, May 7th. Raymond James Financial raised Ero Copper to a “moderate buy” rating in a report on Monday, June 30th. Canaccord Genuity Group dropped their price objective on Ero Copper from C$26.50 to C$26.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, Scotiabank increased their price objective on Ero Copper from C$24.00 to C$26.00 in a report on Monday, June 16th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ero Copper currently has a consensus rating of “Buy” and an average price target of C$27.70.

Ero Copper Stock Down 1.3%

ERO stock opened at C$22.66 on Friday. The company’s 50 day moving average price is C$20.23 and its 200 day moving average price is C$19.00. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$31.73. The firm has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 99.13, a PEG 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.