Ero Copper (TSE:ERO) Price Target Lowered to C$25.00 at Canaccord Genuity Group

Ero Copper (TSE:ERO) had its target price cut by Canaccord Genuity Group from C$29.00 to C$25.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also commented on ERO. TD Securities raised Ero Copper from a “hold” rating to a “buy” rating and decreased their price objective for the stock from C$26.00 to C$23.00 in a report on Wednesday. Scotiabank reduced their target price on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday. National Bankshares reduced their target price on 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. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Ventum Financial reduced their target price on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$30.38.

Ero Copper Stock Performance

Shares of ERO opened at C$18.82 on Wednesday. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. The stock has a 50 day moving average price of C$19.86 and a two-hundred day moving average price of C$24.10. The firm has a market capitalization of C$1.94 billion, a P/E ratio of -72.38, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 52 week low of C$18.16 and a 52 week high of C$32.89.

Insiders Place Their Bets

In related news, Director Chantal Gosselin bought 10,000 shares of the company’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of C$19.44 per share, for a total transaction of C$194,400.00. Company 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.