Ero Copper (TSE:ERO) Upgraded by Desjardins to Hold Rating

Ero Copper (TSE:ERO) was upgraded by analysts at Desjardins to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. TD Securities cut their price target on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Jefferies Financial Group reduced their target price on shares of Ero Copper from C$25.00 to C$22.00 in a research note on Friday. Scotiabank cut their price objective 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. National Bankshares decreased their price target on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. Finally, Raymond James boosted their target price on shares of Ero Copper from C$26.00 to C$28.00 in a research report on Friday. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$30.00.

Ero Copper Stock Performance

Shares of TSE ERO opened at C$14.10 on Thursday. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The stock has a fifty day moving average price of C$18.58 and a two-hundred day moving average price of C$21.88. Ero Copper has a 1 year low of C$13.62 and a 1 year high of C$32.89. The firm has a market cap of C$988.82 million, a P/E ratio of 61.68, 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.