Raymond James set a C$22.00 price objective on Ero Copper (TSE:ERO) in a research note released on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other equities research analysts have also recently issued reports on ERO. National Bank Financial upped their price objective on shares of Ero Copper from C$21.50 to C$24.00 and gave the stock a sector perform rating in a report on Thursday, July 18th. Cormark upped their price objective on shares of Ero Copper from C$17.50 to C$20.00 in a report on Tuesday, July 23rd. TD Securities upped their price objective on shares of Ero Copper from C$22.00 to C$24.00 in a report on Monday, July 22nd. Canaccord Genuity upped their price objective on shares of Ero Copper from C$16.50 to C$20.00 in a report on Monday, April 15th. Finally, BMO Capital Markets upped their price objective on shares of Ero Copper from C$16.50 to C$17.50 and gave the stock a market perform rating in a report on Friday, June 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ero Copper presently has a consensus rating of Hold and a consensus price target of C$20.64.
Shares of TSE:ERO opened at C$20.77 on Monday. The stock has a market capitalization of $1.77 billion and a PE ratio of 39.41. Ero Copper has a 1 year low of C$7.62 and a 1 year high of C$25.69. The firm has a fifty day moving average price of C$23.28 and a 200 day moving average price of C$18.36. The company has a current ratio of 1.09, a quick ratio of 0.63 and a debt-to-equity ratio of 114.95.
Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.
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