Ero Copper (TSE:ERO) Rating Lowered to “Hold” at Stifel Nicolaus

Ero Copper (TSE:ERO) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday,BayStreet.CA reports. They presently have a C$37.00 price target on the stock, up from their prior price target of C$26.00. Stifel Nicolaus’ price target indicates a potential upside of 29.01% from the stock’s current price.

A number of other research analysts also recently weighed in on ERO. National Bankshares increased 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 research report on Wednesday, October 8th. CIBC cut shares of Ero Copper from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$22.50 to C$37.00 in a report on Friday, October 10th. TD Securities cut shares of Ero Copper from a “buy” rating to a “hold” rating and upped their target price for the company from C$24.00 to C$33.00 in a report on Tuesday. Desjardins reduced their target price on shares of Ero Copper from C$25.00 to C$23.00 and set a “hold” rating for the company in a report on Tuesday, August 5th. Finally, Canaccord Genuity Group cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Ero Copper currently has an average rating of “Hold” and a consensus price target of C$31.92.

Ero Copper Stock Down 1.2%

Shares of Ero Copper stock opened at C$28.68 on Tuesday. The company has a market cap of C$2.97 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of -0.72 and a beta of 1.52. The company’s 50 day moving average is C$24.75 and its 200 day moving average is C$21.06. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$34.41. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17.

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.