Desjardins Upgrades Ero Copper (TSE:ERO) to Hold

Ero Copper (TSE:ERO) was upgraded by research analysts at Desjardins to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. TD Securities decreased their target price on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Canaccord Genuity Group lowered their target price on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Scotiabank reduced their price target on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. National Bankshares lowered their price objective on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. Finally, Raymond James raised their price objective on shares of Ero Copper from C$26.00 to C$28.00 in a research note on Friday. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$30.00.

Ero Copper Stock Performance

ERO opened at C$14.10 on Thursday. The firm has a 50 day moving average of C$18.58 and a two-hundred day moving average of C$21.88. The firm has a market capitalization of C$988.82 million, a PE ratio of 61.68, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a 12-month low of C$13.62 and a 12-month high of C$32.89.

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.