Ero Copper (TSE:ERO – Get Rating) had its target price dropped by equities researchers at Scotiabank from C$20.00 to C$19.00 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 55.61% from the stock’s current price.
A number of other equities research analysts have also issued reports on the company. Barclays cut their price target on Ero Copper from C$21.00 to C$16.00 and set a “na” rating for the company in a research note on Tuesday, July 19th. BMO Capital Markets cut their price target on Ero Copper from C$25.00 to C$22.00 in a research note on Wednesday. Stifel Nicolaus cut their price target on Ero Copper from C$35.00 to C$27.00 in a research note on Tuesday, July 19th. Cormark dropped their price objective on shares of Ero Copper from C$28.50 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, May 11th. Finally, TD Securities dropped their price objective on shares of Ero Copper from C$25.00 to C$23.00 and set a “buy” rating for the company in a report on Thursday, May 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Ero Copper currently has a consensus rating of “Moderate Buy” and an average price target of C$21.45.
Ero Copper Trading Up 9.8 %
TSE:ERO opened at C$12.21 on Thursday. 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 capitalization of C$1.11 billion and a price-to-earnings ratio of 3.86. Ero Copper has a one year low of C$10.54 and a one year high of C$25.83. The business has a fifty day moving average price of C$12.40 and a 200-day moving average price of C$15.72.
Insider Activity at Ero Copper
In other Ero Copper news, Director John H. Wright purchased 6,000 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average price of C$13.70 per share, with a total value of C$82,200.00. Following the acquisition, the director now owns 786,332 shares in the company, valued at C$10,772,748.40.
Ero Copper Company Profile
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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