Ero Copper (TSE:ERO) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Ero Copper (TSE:ERO - Free Report) had its target price hoisted by BMO Capital Markets from C$24.00 to C$27.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

ERO has been the topic of several other research reports. Jefferies Financial Group reduced 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 upgraded shares of Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. Canaccord Genuity Group reduced their target price on shares of Ero Copper from C$26.50 to C$26.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. National Bankshares upgraded shares of Ero Copper from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$21.50 to C$23.00 in a report on Wednesday, May 7th. Finally, National Bank Financial upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$27.70.

Ero Copper Trading Down 2.3%

Ero Copper stock traded down C$0.51 during trading on Friday, reaching C$22.15. The company had a trading volume of 425,305 shares, compared to its average volume of 348,262. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$31.56. The stock's 50 day moving average price is C$20.32 and its two-hundred day moving average price is C$19.03. The firm has a market capitalization of C$1.55 billion, a price-to-earnings ratio of 96.90, a PEG ratio of -0.72 and a beta of 1.98. 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 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.