Scotiabank Upgrades Ero Copper (TSE:ERO) to “Strong-Buy”

Ero Copper (TSE:ERO) was upgraded by equities researchers at Scotiabank from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also commented on the stock. Stifel Canada lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Raymond James Financial upped their target price on shares of Ero Copper from C$28.00 to C$33.00 in a research report on Friday, October 10th. National Bankshares increased their price target on shares of Ero Copper from C$27.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price objective on shares of Ero Copper from C$34.00 to C$37.00 in a research report on Friday, October 17th. Finally, Canaccord Genuity Group downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$31.82.

Ero Copper Price Performance

Ero Copper stock opened at C$30.30 on Thursday. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$34.41. The firm has a market cap of C$3.15 billion, a P/E ratio of 22.78, a P/E/G ratio of -0.72 and a beta of 1.59. 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 business’s fifty day moving average is C$27.14 and its two-hundred day moving average is C$22.33.

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.