Ero Copper (TSE:ERO) Price Target Raised to C$25.00 at TD Securities

Ero Copper (TSE:ERO) had its price objective increased by research analysts at TD Securities from C$24.00 to C$25.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 11.91% from the company’s previous close.

ERO has been the topic of several other research reports. Canaccord Genuity Group reduced their price target 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. Eight Capital set a C$23.50 target price on Ero Copper and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. Pi Financial downgraded shares of Ero Copper from a “buy” rating to a “neutral” rating and raised their price target for the company from C$24.00 to C$27.00 in a research note on Friday. BMO Capital Markets upped their price objective on shares of Ero Copper from C$23.00 to C$23.50 and gave the stock a “market perform” rating in a research report on Friday. Finally, Cormark decreased their target price on shares of Ero Copper from C$31.50 to C$23.50 in a research note on Monday, November 20th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$24.69.

Ero Copper Price Performance

Shares of ERO stock traded down C$1.20 during trading on Friday, hitting C$22.34. The company had a trading volume of 243,929 shares, compared to its average volume of 293,801. The firm has a market capitalization of C$2.29 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of -0.72 and a beta of 2.18. Ero Copper has a one year low of C$15.72 and a one year high of C$32.12. The company has a debt-to-equity ratio of 67.69, a quick ratio of 1.43 and a current ratio of 1.23. The stock’s 50-day moving average price is C$21.39 and its 200 day moving average price is C$21.36.

About Ero Copper

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.