Ero Copper (TSE:ERO) Price Target Cut to C$14.75

Ero Copper (TSE:ERO) had its price target lowered by National Bank Financial from C$21.50 to C$14.75 in a research report report published on Monday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

ERO has been the topic of a number of other research reports. CIBC lowered their target price on Ero Copper from C$23.00 to C$19.00 in a research note on Monday, March 16th. Pi Financial upgraded Ero Copper from a neutral rating to a buy rating and lowered their target price for the stock from C$19.25 to C$16.00 in a research note on Tuesday, March 17th. Scotiabank lowered their target price on Ero Copper from C$24.00 to C$22.00 in a research note on Monday, March 16th. Raymond James lowered their target price on Ero Copper from C$23.00 to C$20.00 and set an outperform rating on the stock in a research note on Monday, March 16th. Finally, TD Securities lowered their target price on Ero Copper from C$23.00 to C$14.50 and set a hold rating on the stock in a research note on Friday, March 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Ero Copper has an average rating of Buy and an average price target of C$18.97.

Shares of TSE ERO opened at C$11.15 on Monday. The firm has a market cap of $931.60 million and a P/E ratio of 11.04. The company has a current ratio of 0.94, a quick ratio of 0.42 and a debt-to-equity ratio of 82.75. Ero Copper has a 1-year low of C$8.40 and a 1-year high of C$25.69. The business’s 50 day moving average is C$14.49 and its 200-day moving average is C$18.51.

About Ero Copper

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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