Ero Copper (TSE:ERO) PT Lowered to C$22.00 at Scotiabank

Ero Copper (TSE:ERO) had its target price trimmed by Scotiabank from C$27.00 to C$22.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

ERO has been the topic of a number of other research reports. Raymond James dropped their target price on Ero Copper from C$28.00 to C$24.00 and set an outperform rating on the stock in a research report on Wednesday. Canaccord Genuity Group decreased their price target on Ero Copper from C$28.00 to C$23.50 and set a buy rating for the company in a report on Monday, January 10th. TD Securities raised Ero Copper from a hold rating to a buy rating and set a C$30.00 price target for the company in a report on Friday, November 12th. Barclays boosted their price target on Ero Copper from C$21.00 to C$23.00 in a report on Monday, October 18th. Finally, decreased their price target on Ero Copper from C$32.00 to C$30.00 in a report on Tuesday, October 19th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Ero Copper presently has an average rating of Buy and a consensus target price of C$26.71.

Shares of TSE ERO opened at C$16.30 on Wednesday. The business’s 50 day moving average price is C$19.94 and its 200 day moving average price is C$22.61. The firm has a market cap of C$1.46 billion and a P/E ratio of 6.11. Ero Copper has a 52 week low of C$16.00 and a 52 week high of C$29.76. The company has a quick ratio of 1.44, a current ratio of 1.77 and a debt-to-equity ratio of 17.46.

Ero Copper (TSE:ERO) last issued its earnings results on Wednesday, November 10th. The company reported C$0.62 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.60 by C$0.02. The firm had revenue of C$140.77 million during the quarter. As a group, research analysts expect that Ero Copper will post 2.6422707 earnings per share for the current year.

Ero Copper Company Profile

Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. The company also explores for copper, gold, and silver deposits. Its principal property is the Vale do Curaçá property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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