Ero Copper (TSE:ERO) Price Target Raised to C$24.00 at Scotiabank

Ero Copper (TSE:ERO) had its target price lifted by Scotiabank from C$22.50 to C$24.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Desjardins upgraded Ero Copper to a “hold” rating in a research report on Thursday, April 3rd. BMO Capital Markets upgraded Ero Copper to a “strong-buy” rating in a research report on Wednesday, April 16th. Canaccord Genuity Group decreased their target price on Ero Copper from C$26.50 to C$26.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. National Bankshares upgraded Ero Copper from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$21.50 to C$23.00 in a research report on Wednesday, May 7th. Finally, National Bank Financial upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$29.73.

Ero Copper Price Performance

Ero Copper stock opened at C$19.14 on Thursday. The firm has a market capitalization of C$1.34 billion, a P/E ratio of 83.73, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$32.09. The business has a 50-day moving average of C$17.27 and a 200-day moving average of C$19.11. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

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.