Jefferies Financial Group Lowers Ero Copper (TSE:ERO) Price Target to C$38.00

Ero Copper (TSE:ERO) had its price objective lowered by analysts at Jefferies Financial Group from C$45.00 to C$38.00 in a note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential downside of 9.13% from the company’s previous close.

A number of other brokerages have also recently commented on ERO. Raymond James Financial upped their price target on shares of Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Desjardins upped their target price on Ero Copper from C$37.50 to C$45.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. National Bankshares increased their price target on shares of Ero Copper from C$43.00 to C$56.00 in a report on Thursday, January 29th. TD Securities increased their price objective on Ero Copper from C$33.00 to C$45.00 in a research report on Thursday, January 22nd. Finally, Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$41.91.

Ero Copper Price Performance

ERO opened at C$41.82 on Friday. The firm has a market cap of C$4.34 billion, a P/E ratio of 31.44, a PEG ratio of -0.72 and a beta of 1.99. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$53.69. The firm has a 50-day moving average of C$40.10 and a 200 day moving average of C$30.59.

Ero Copper (TSE:ERO) last released its earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. The firm had revenue of C$246.59 million during the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. On average, research analysts expect that Ero Copper will post 4.7442244 EPS for the current year.

Insiders Place Their Bets

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the company’s stock in a transaction that occurred 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 approximately C$19,688,825.52. This represents a 3.82% decrease in their position. Insiders own 10.37% of the company’s stock.

About Ero Copper