Desjardins Lowers Ero Copper (TSE:ERO) Price Target to C$23.00

Key Points

• Desjardins reduced Ero Copper's price target from C$25.00 to C$23.00 while maintaining a "hold" rating, indicating a potential upside of 20.93% from the current price.
• Other analysts have also adjusted their ratings and targets, with Stifel Nicolaus lowering their target to C$26.00 and Raymond James upgrading to a "moderate buy."
• Ero Copper shares traded up by 2.8%, reaching C$19.02, amidst fluctuating market conditions with a fifty-two week low of C$13.17 and high of C$31.56.

Ero Copper (TSE:ERO - Get Free Report) had its price target lowered by research analysts at Desjardins from C$25.00 to C$23.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' target price suggests a potential upside of 20.93% from the stock's current price.

ERO has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on Ero Copper from C$29.00 to C$26.00 and set a "buy" rating for the company in a research note on Tuesday. Raymond James Financial upgraded shares of Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. National Bankshares cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating and set a C$24.50 target price for the company. in a research note on Wednesday, July 9th. National Bank Financial lowered shares of Ero Copper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, Canaccord Genuity Group decreased their price target on shares of Ero Copper from C$26.50 to C$26.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Ero Copper currently has an average rating of "Moderate Buy" and a consensus target price of C$27.29.

Ero Copper Trading Up 2.8%

Shares of ERO stock traded up C$0.51 during mid-day trading on Tuesday, hitting C$19.02. 261,263 shares of the company's stock were exchanged, compared to its average volume of 363,951. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$31.56. The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of 83.21, a PEG ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The stock has a 50-day simple moving average of C$20.75 and a two-hundred day simple moving average of C$19.00.

About Ero Copper

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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