Ero Copper (TSE:ERO) Given New C$33.00 Price Target at Scotiabank

Ero Copper (TSE:ERO) had its target price hoisted by Scotiabank from C$32.00 to C$33.00 in a report issued on Tuesday morning,BayStreet.CA reports.

A number of other research firms have also issued reports on ERO. Jefferies Financial Group raised their price target on Ero Copper from C$34.00 to C$37.00 in a report on Friday, October 17th. Raymond James Financial raised their price target on Ero Copper from C$28.00 to C$33.00 in a report on Friday, October 10th. National Bankshares raised their price target on Ero Copper from C$27.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Stifel Nicolaus lowered Ero Copper from a “buy” rating to a “hold” rating and raised their price target for the stock from C$26.00 to C$37.00 in a report on Tuesday, October 21st. Finally, BMO Capital Markets raised their price objective on shares of Ero Copper from C$24.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Ero Copper currently has an average rating of “Hold” and an average price target of C$32.00.

Ero Copper Stock Performance

TSE ERO opened at C$28.96 on Tuesday. 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 has a 52-week low of C$13.17 and a 52-week high of C$34.41. The business’s 50-day moving average price is C$25.54 and its 200 day moving average price is C$21.56. The firm has a market cap of C$3.00 billion, a P/E ratio of 20.99, a P/E/G ratio of -0.72 and a beta of 1.52.

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.