Ero Copper (TSE:ERO) Price Target Cut to C$23.00 by Analysts at Canaccord Genuity

Ero Copper (TSE:ERO) had its price target trimmed by Canaccord Genuity from C$24.50 to C$23.00 in a report published on Monday, BayStreet.CA reports.

Several other research firms also recently issued reports on ERO. National Bank Financial upped their price target on Ero Copper from C$18.00 to C$19.75 and gave the stock a sector perform rating in a research note on Monday. BMO Capital Markets decreased their price target on Ero Copper from C$22.50 to C$21.50 in a research note on Thursday, September 26th. CIBC upped their price target on Ero Copper from C$17.00 to C$18.50 in a research note on Friday, November 8th. Cormark upped their price target on Ero Copper from C$17.50 to C$20.00 in a research note on Tuesday, July 23rd. Finally, Raymond James reiterated an outperform rating and set a C$20.00 price target on shares of Ero Copper in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Ero Copper currently has an average rating of Hold and a consensus price target of C$20.46.

Shares of ERO traded up C$0.11 during trading hours on Monday, hitting C$21.21. 149,369 shares of the company were exchanged, compared to its average volume of 230,544. The company has a market cap of $1.41 billion and a PE ratio of 33.14. The firm’s 50 day moving average is C$17.70 and its 200-day moving average is C$19.75. Ero Copper has a 52 week low of C$8.98 and a 52 week high of C$25.69. The company has a debt-to-equity ratio of 110.58, a quick ratio of 0.47 and a current ratio of 1.09.

In related news, Senior Officer Jonathan Nayan Singh sold 2,333 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$21.50, for a total transaction of C$50,159.50. Following the completion of the sale, the insider now owns 75,000 shares in the company, valued at approximately C$1,612,500.

About Ero Copper

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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Analyst Recommendations for Ero Copper (TSE:ERO)

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