BMO Capital Markets Boosts Ero Copper (TSE:ERO) Price Target to C$27.00

Ero Copper (TSE:ERO - Get Free Report) had its price target boosted by analysts at BMO Capital Markets from C$24.00 to C$27.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' target price would indicate a potential upside of 18.73% from the company's previous close.

Several other brokerages also recently commented on ERO. Jefferies Financial Group lowered their target price on shares of Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a research report on Monday. National Bankshares raised shares of Ero Copper from a "sector perform" rating to an "outperform" rating and lifted their target price for the stock from C$21.50 to C$23.00 in a research report on Wednesday, May 7th. TD Securities boosted their target price on Ero Copper from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Desjardins raised Ero Copper to a "hold" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$27.70.

Ero Copper Stock Down 1.0%

Shares of Ero Copper stock traded down C$0.22 on Friday, hitting C$22.74. The company had a trading volume of 66,257 shares, compared to its average volume of 346,832. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$31.73. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The stock has a 50 day moving average of C$20.12 and a 200-day moving average of C$18.98. The stock has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 99.48, a P/E/G ratio of -0.72 and a beta of 1.98.

Ero Copper Company Profile

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero's operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.

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