Ero Copper (TSE:ERO) Stock Rating Upgraded by BMO Capital Markets

Ero Copper (TSE:ERO) was upgraded by stock analysts at BMO Capital Markets to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on ERO. National Bankshares reduced their target price on shares of Ero Copper from C$23.50 to C$21.50 and set an “outperform” rating on the stock in a research note on Wednesday. Raymond James boosted their target price on Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. Jefferies Financial Group decreased their price target on Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. Scotiabank reduced their target price on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, TD Securities lowered their target price on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$29.83.

Ero Copper Price Performance

Shares of Ero Copper stock opened at C$15.12 on Wednesday. The stock has a 50 day moving average price of C$17.51 and a 200-day moving average price of C$20.82. Ero Copper has a one year low of C$13.17 and a one year high of C$32.89. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 66.14, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.