Ero Copper (TSE:ERO) Given New C$22.00 Price Target at Jefferies Financial Group

Ero Copper (TSE:ERO) had its price objective dropped by analysts at Jefferies Financial Group from C$25.00 to C$22.00 in a research note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential upside of 57.59% from the stock’s previous close.

Several other equities research analysts have also weighed in on ERO. Canaccord Genuity Group reduced their target price on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Raymond James increased their target price on Ero Copper from C$26.00 to C$28.00 in a research note on Friday. TD Securities dropped their target price 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. Scotiabank decreased their price target on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, National Bankshares lowered their price target on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating on the stock in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$30.00.

Ero Copper Stock Performance

ERO traded down C$1.88 on Friday, hitting C$13.96. 465,929 shares of the company’s stock were exchanged, compared to its average volume of 358,505. Ero Copper has a twelve month low of C$13.62 and a twelve month high of C$32.89. The firm has a market cap of C$979.00 million, a PE ratio of 61.07, a P/E/G ratio of -0.72 and a beta of 1.98. The stock has a fifty day moving average of C$18.70 and a two-hundred day moving average of C$21.93. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

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.