Ero Copper Corp. (TSE:ERO – Get Rating) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$26.25.
A number of research firms recently commented on ERO. Barclays raised Ero Copper from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from C$23.00 to C$21.00 in a research note on Thursday, February 3rd. BMO Capital Markets cut their price objective on Ero Copper from C$30.00 to C$29.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 12th. Canaccord Genuity Group cut their price objective on Ero Copper from C$28.00 to C$23.50 and set a “buy” rating on the stock in a research note on Monday, January 10th. CIBC lifted their price objective on Ero Copper from C$22.00 to C$23.00 in a research note on Wednesday, March 9th. Finally, Scotiabank lifted their target price on Ero Copper from C$24.00 to C$27.00 in a report on Wednesday.
Ero Copper stock opened at C$20.25 on Wednesday. The stock’s 50 day moving average is C$18.38 and its 200 day moving average is C$19.74. The company has a debt-to-equity ratio of 16.78, a current ratio of 1.70 and a quick ratio of 1.43. The firm has a market cap of C$1.83 billion and a P/E ratio of 7.29. Ero Copper has a one year low of C$15.01 and a one year high of C$29.76.
Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the CuraÃ§Ã¡ Valley, northeastern Bahia state, as well as gold and silver byproducts.
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