Scotiabank Lowers Ero Copper (TSE:ERO) Price Target to C$22.00

Ero Copper (TSE:ERO) had its price objective trimmed by Scotiabank from C$24.00 to C$22.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research firms also recently weighed in on ERO. National Bankshares set a C$22.50 price target on shares of Ero Copper and gave the stock a sector perform rating in a research note on Wednesday, November 15th. BMO Capital Markets lowered their price target on shares of Ero Copper from C$25.00 to C$22.00 and set a market perform rating for the company in a report on Friday, November 3rd. CIBC lowered their price objective on Ero Copper from C$26.00 to C$24.00 and set a neutral rating on the stock in a research note on Friday, November 3rd. Cormark cut their target price on Ero Copper from C$31.50 to C$23.50 in a research note on Monday. Finally, Raymond James reduced their price target on Ero Copper from C$28.00 to C$26.00 and set a market perform rating for the company in a report on Monday, October 23rd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$24.04.

Ero Copper Stock Up 5.8 %

Shares of TSE:ERO opened at C$16.91 on Monday. The company has a market cap of C$1.58 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of -0.72 and a beta of 2.30. 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 firm has a 50 day simple moving average of C$20.47 and a 200 day simple moving average of C$24.66. Ero Copper has a 52 week low of C$14.84 and a 52 week high of C$32.12.

Ero Copper Company Profile

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.