Ero Copper (TSE:ERO) Price Target Cut to C$29.00 by Analysts at Ventum Financial

Ero Copper (TSE:ERO) had its price objective decreased by Ventum Financial from C$31.50 to C$29.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group increased their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. TD Securities reduced their price target on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Scotiabank reduced their price target on shares of Ero Copper from C$37.00 to C$34.00 in a report on Wednesday, November 6th. National Bankshares reduced their price target on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Finally, Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ero Copper has an average rating of “Moderate Buy” and an average price target of C$33.67.

Ero Copper Stock Performance

TSE:ERO opened at C$21.79 on Thursday. Ero Copper has a 1 year low of C$16.28 and a 1 year high of C$32.89. The firm’s fifty day simple moving average is C$26.65 and its 200 day simple moving average is C$27.75. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The firm has a market capitalization of C$2.25 billion, a PE ratio of -83.81, a PEG ratio of -0.72 and a beta of 1.98.

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.