Ero Copper (TSE:ERO) Price Target Raised to C$26.00 at Scotiabank

Ero Copper (TSE:ERO) had its price target raised by Scotiabank from C$24.00 to C$26.00 in a research note released on Monday,BayStreet.CA reports.

A number of other research analysts have also recently commented on the company. Raymond James upped their price target on Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. National Bank Financial upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. BMO Capital Markets raised shares of Ero Copper to a “strong-buy” rating in a report on Wednesday, April 16th. Jefferies Financial Group reduced their target price on shares of Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. Finally, TD Securities boosted their price target on shares of Ero Copper from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$29.91.

Ero Copper Stock Performance

Shares of ERO stock opened at C$21.47 on Monday. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The firm has a market cap of C$1.51 billion, a price-to-earnings ratio of 93.92, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$31.73. The firm’s 50-day simple moving average is C$18.31 and its two-hundred day simple moving average is C$18.81.

About Ero Copper

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.