Scotiabank Forecasts Strong Price Appreciation for Ero Copper (TSE:ERO) Stock

Ero Copper (TSE:ERO) had its price target lifted by equities researchers at Scotiabank from C$22.50 to C$24.00 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 22.32% from the company’s current price.

ERO has been the subject of several other research reports. Canaccord Genuity Group decreased their price objective on Ero Copper from C$26.50 to C$26.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. TD Securities increased their price objective on Ero Copper from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. National Bankshares upgraded Ero Copper from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$21.50 to C$23.00 in a report on Wednesday, May 7th. Raymond James increased their price objective on Ero Copper from C$26.00 to C$28.00 in a report on Friday, April 4th. Finally, Jefferies Financial Group decreased their price objective on Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$29.73.

Ero Copper Stock Up 2.5%

Ero Copper stock opened at C$19.62 on Thursday. The business has a fifty day moving average of C$17.27 and a two-hundred day moving average of C$19.11. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The firm has a market cap of C$1.38 billion, a P/E ratio of 85.83, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$32.09.

Ero Copper Company Profile

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.