Stifel Nicolaus Lowers Ero Copper (TSE:ERO) Price Target to C$25.00

Ero Copper (TSE:EROGet Rating) had its price target lowered by equities research analysts at Stifel Nicolaus from C$27.00 to C$25.00 in a research note issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 43.35% from the stock’s current price.

Several other research firms also recently weighed in on ERO. National Bankshares lifted their price target on shares of Ero Copper from C$16.00 to C$17.50 in a research note on Thursday, October 13th. Raymond James lifted their price target on shares of Ero Copper from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Wednesday. Scotiabank lifted their price target on shares of Ero Copper from C$18.00 to C$20.00 in a research note on Wednesday. CIBC downgraded shares of Ero Copper from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$21.00 to C$18.00 in a research note on Wednesday, November 2nd. Finally, TD Securities downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and set a C$16.50 price target for the company. in a research note on Wednesday, October 19th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Ero Copper has a consensus rating of “Hold” and a consensus target price of C$20.30.

Ero Copper Price Performance

Shares of TSE ERO opened at C$17.44 on Wednesday. Ero Copper has a twelve month low of C$10.54 and a twelve month high of C$24.56. The firm has a fifty day simple moving average of C$15.03 and a 200 day simple moving average of C$14.04. The company has a market capitalization of C$1.59 billion and a PE ratio of 8.04. The company has a quick ratio of 1.43, a current ratio of 1.70 and a debt-to-equity ratio of 16.78.

Ero Copper Company Profile

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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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