Ero Copper (TSE:ERO) Given New C$23.50 Price Target at Cormark

Ero Copper (TSE:ERO) had its price objective cut by Cormark from C$31.50 to C$23.50 in a research note published on Monday, BayStreet.CA reports.

A number of other analysts have also recently issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Ero Copper from C$25.00 to C$22.00 and set a market perform rating for the company in a research note on Friday, November 3rd. Stifel Nicolaus cut their target price on shares of Ero Copper from C$30.00 to C$22.00 and set a hold rating on the stock in a research report on Friday. Raymond James dropped their target price on shares of Ero Copper from C$28.00 to C$26.00 and set a market perform rating on the stock in a research report on Monday, October 23rd. TD Securities dropped their price objective on shares of Ero Copper from C$23.00 to C$22.00 and set a hold rating on the stock in a report on Thursday, November 16th. Finally, Canaccord Genuity Group lowered their price target on shares of Ero Copper from C$30.00 to C$29.00 and set a buy rating on the stock in a report on Friday. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of C$24.04.

Ero Copper Trading Up 5.8 %

TSE:ERO opened at C$16.91 on Monday. Ero Copper has a one year low of C$14.84 and a one year high of C$32.12. The company has a debt-to-equity ratio of 67.69, a current ratio of 1.23 and a quick ratio of 1.43. The company’s 50-day simple moving average is C$20.47 and its 200 day simple moving average is C$24.66. The firm has a market capitalization of C$1.58 billion, a P/E ratio of 14.70, a PEG ratio of -0.72 and a beta of 2.30.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.