Ero Copper (TSE:ERO) Cut to Neutral at Pi Financial

Ero Copper (TSE:ERO) was downgraded by research analysts at Pi Financial from a “buy” rating to a “neutral” rating in a report released on Friday, BayStreet.CA reports. They currently have a C$27.00 price target on the stock, up from their previous price target of C$24.00. Pi Financial’s target price suggests a potential upside of 20.86% from the company’s previous close.

ERO has been the topic of several other reports. Raymond James decreased their price target on shares of Ero Copper from C$28.00 to C$25.00 and set a “market perform” rating on the stock in a research report on Thursday, February 22nd. Stifel Nicolaus decreased their price target 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, November 17th. TD Securities decreased 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 research report on Thursday, November 16th. Cormark decreased their price objective on shares of Ero Copper from C$31.50 to C$23.50 in a research report on Monday, November 20th. Finally, Canaccord Genuity Group decreased their price objective on shares of Ero Copper from C$29.00 to C$27.00 and set a “buy” rating on the stock in a research report on Friday, January 12th. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$24.69.

Ero Copper Stock Performance

ERO traded down C$1.20 during trading on Friday, hitting C$22.34. The company’s stock had a trading volume of 244,229 shares, compared to its average volume of 293,801. The company has a quick ratio of 1.43, a current ratio of 1.23 and a debt-to-equity ratio of 67.69. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The firm has a market cap of C$2.29 billion, a PE ratio of 19.77, a P/E/G ratio of -0.72 and a beta of 2.18. The business’s 50 day simple moving average is C$21.39 and its 200-day simple moving average is C$21.36.

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.