Jefferies Financial Group Has Lowered Expectations for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its target price cut by Jefferies Financial Group from C$33.00 to C$29.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other research firms have also weighed in on ERO. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Scotiabank lowered their price target on shares of Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. National Bankshares dropped their price objective on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Eight Capital reduced their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Finally, Ventum Financial dropped their price target on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and a consensus target price of C$32.92.

Ero Copper Trading Up 1.1 %

ERO opened at C$20.82 on Tuesday. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The company’s 50 day simple moving average is C$21.22 and its two-hundred day simple moving average is C$25.65. The firm has a market capitalization of C$2.15 billion, a price-to-earnings ratio of -80.08, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. Ero Copper has a 1-year low of C$18.38 and a 1-year high of C$32.89.

Insiders Place Their Bets

In other news, Director Chantal Gosselin purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of C$19.44 per share, for a total transaction of C$194,400.00. Insiders own 10.37% of the company’s stock.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.