Canaccord Genuity Group Cuts Ero Copper (TSE:ERO) Price Target to C$26.00

Ero Copper (TSE:ERO) had its price target lowered by Canaccord Genuity Group from C$26.50 to C$26.00 in a research note published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also weighed in on ERO. Scotiabank lowered their target price on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. TD Securities lowered their price objective on Ero Copper from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Desjardins raised shares of Ero Copper to a “hold” rating in a research report on Thursday, April 3rd. Raymond James upped their price target on shares of Ero Copper from C$26.00 to C$28.00 in a research note on Friday, April 4th. Finally, National Bankshares dropped their price objective on shares of Ero Copper from C$23.50 to C$21.50 and set an “outperform” rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$30.04.

Ero Copper Stock Up 0.3 %

Shares of ERO opened at C$18.66 on Wednesday. The firm has a market cap of C$1.31 billion, a P/E ratio of 81.63, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. 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 52 week low of C$13.17 and a 52 week high of C$32.89. The firm’s 50-day simple moving average is C$17.09 and its 200 day simple moving average is C$19.59.

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.