Ero Copper (TSE:ERO) Price Target Cut to C$22.00 by Analysts at TD Securities

Ero Copper (TSE:ERO) had its target price lowered by TD Securities from C$23.00 to C$22.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 30.56% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Raymond James decreased their price target on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Scotiabank dropped their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group dropped their price target on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Ventum Financial decreased their price objective on shares of Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Ero Copper currently has an average rating of “Moderate Buy” and a consensus price target of C$30.58.

Ero Copper Stock Performance

Ero Copper stock traded down C$0.85 during trading hours on Monday, reaching C$16.85. 204,690 shares of the stock were exchanged, compared to its average volume of 369,255. The stock has a market cap of C$1.18 billion, a P/E ratio of 73.71, a P/E/G ratio of -0.72 and a beta of 1.98. 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 52-week low of C$16.11 and a 52-week high of C$32.89. The firm’s 50 day moving average is C$19.39 and its 200 day moving average is C$23.08.

Insider Activity at Ero Copper

In other Ero Copper news, Director Chantal Gosselin bought 10,000 shares of Ero Copper stock in a transaction dated Friday, December 27th. The stock was bought at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is owned by insiders.

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.