Scotiabank Cuts Ero Copper (TSE:ERO) Price Target to C$30.00

Ero Copper (TSE:ERO) had its target price cut by investment analysts at Scotiabank from C$34.00 to C$30.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 47.42% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. TD Securities cut their price objective on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group decreased their price objective on shares of Ero Copper from C$35.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Eight Capital decreased their price objective on shares of Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Finally, Canaccord Genuity Group raised their price objective on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating, seven 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 an average target price of C$33.33.

Ero Copper Stock Up 1.6 %

ERO traded up C$0.32 during mid-day trading on Wednesday, reaching C$20.35. 257,887 shares of the stock were exchanged, compared to its average volume of 307,550. 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 market capitalization of C$2.10 billion, a PE ratio of -78.38, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a 50 day moving average price of C$24.86 and a two-hundred day moving average price of C$27.09. Ero Copper has a 1 year low of C$17.97 and a 1 year high of C$32.89.

Insider Buying and Selling at Ero Copper

In other Ero Copper news, Director Chantal Gosselin sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total transaction of C$211,700.00. Company insiders own 10.37% of the company’s stock.

Ero Copper Company Profile

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.