Ero Copper (TSE:ERO) Given New C$52.00 Price Target at Canaccord Genuity Group

Ero Copper (TSE:ERO) had its price objective lifted by Canaccord Genuity Group from C$48.00 to C$52.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Desjardins increased their target price on shares of Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. TD Securities raised their price target on Ero Copper from C$33.00 to C$45.00 in a report on Thursday, January 22nd. ATB Cormark Capital Markets boosted their price objective on shares of Ero Copper from C$37.00 to C$50.00 and gave the stock a “moderate buy” rating in a research report on Friday, February 6th. Raymond James Financial cut Ero Copper from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$49.00 to C$45.00 in a report on Monday, February 9th. Finally, National Bank Financial cut their price target on Ero Copper from C$56.00 to C$53.50 and set a “sector perform” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Ero Copper presently has an average rating of “Moderate Buy” and a consensus target price of C$44.54.

Ero Copper Price Performance

Shares of Ero Copper stock opened at C$47.05 on Wednesday. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The company has a market cap of C$4.89 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of -0.72 and a beta of 1.99. The firm has a fifty day moving average price of C$42.09 and a two-hundred day moving average price of C$32.72. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$53.69.

Insider Transactions at Ero Copper

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the transaction, the director owned 377,832 shares in the company, valued at C$19,688,825.52. This trade represents a 3.82% decrease in their position. 10.37% of the stock is owned by corporate insiders.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.