Ero Copper (TSE:ERO) Upgraded to “Strong-Buy” at BMO Capital Markets

BMO Capital Markets upgraded shares of Ero Copper (TSE:ERO) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. TD Securities dropped their price objective on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Canaccord Genuity Group dropped their price target on 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. Desjardins upgraded Ero Copper to a “hold” rating in a research report on Thursday, April 3rd. Jefferies Financial Group dropped their target price on Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th. Finally, Scotiabank cut their price target on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$29.83.

Ero Copper Trading Up 3.4 %

Shares of ERO opened at C$15.15 on Wednesday. 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$13.17 and a 52-week high of C$32.89. The firm has a market cap of C$1.06 billion, a price-to-earnings ratio of 66.28, a PEG ratio of -0.72 and a beta of 1.98. The business’s fifty day moving average is C$17.61 and its 200-day moving average is C$20.86.

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.