Ero Copper (TSE:ERO) PT Raised to C$24.00 at Raymond James

Ero Copper (TSE:EROGet Rating) had its price objective lifted by analysts at Raymond James from C$23.00 to C$24.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 16.79% from the stock’s previous close.

Several other brokerages have also recently weighed in on ERO. Scotiabank lifted their price target on Ero Copper from C$24.00 to C$27.00 in a research report on Wednesday, April 13th. Barclays upgraded Ero Copper from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from C$23.00 to C$21.00 in a research report on Thursday, February 3rd. BMO Capital Markets lowered their price target on shares of Ero Copper from C$30.00 to C$29.00 and set a “market perform” rating on the stock in a report on Wednesday, January 12th. Cormark reduced their price objective on shares of Ero Copper from C$30.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, January 12th. Finally, Canaccord Genuity Group lowered their target price on shares of 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$26.33.

ERO stock traded up C$0.11 during midday trading on Wednesday, reaching C$20.55. 100,935 shares of the company’s stock traded hands, compared to its average volume of 440,383. The firm has a market capitalization of C$1.85 billion and a PE ratio of 7.36. The company has a 50-day moving average price of C$18.52 and a two-hundred day moving average price of C$19.65. Ero Copper has a 52 week low of C$15.01 and a 52 week high of C$29.76. The company has a debt-to-equity ratio of 16.78, a quick ratio of 1.43 and a current ratio of 1.70.

Ero Copper Company Profile (Get Rating)

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 Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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