Jefferies Financial Group Boosts Ero Copper (TSE:ERO) Price Target to C$37.00

Ero Copper (TSE:ERO) had its price objective boosted by equities research analysts at Jefferies Financial Group from C$34.00 to C$37.00 in a research note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 19.62% from the company’s previous close.

ERO has been the topic of several other research reports. Stifel Canada raised shares of Ero Copper to a “strong-buy” rating in a research report on Tuesday, July 8th. Cibc World Mkts downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. CIBC downgraded shares of Ero Copper from an “outperform” rating to a “neutral” rating and upped their price objective for the company from C$22.50 to C$37.00 in a report on Friday, October 10th. Scotiabank downgraded shares of Ero Copper from an “outperform” rating to a “hold” rating and upped their price objective for the company from C$26.50 to C$32.00 in a report on Tuesday, October 14th. Finally, National Bankshares upped their price objective on shares of Ero Copper from C$27.00 to C$35.00 and gave the company a “sector perform” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Ero Copper presently has an average rating of “Moderate Buy” and an average target price of C$30.08.

Ero Copper Stock Down 3.3%

TSE:ERO opened at C$30.93 on Friday. The company has a market cap of C$3.20 billion, a PE ratio of 22.41, a P/E/G ratio of -0.72 and a beta of 1.52. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$34.41. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. The company’s 50 day moving average is C$24.10 and its two-hundred day moving average is C$20.79.

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.