Ero Copper (TSE:ERO) Cut to Hold at Stifel Canada

Key Points

• Ero Copper has been downgraded from a "strong-buy" to a "hold" rating by Stifel Canada, indicating a shift in investor outlook.
• Multiple analysts, including Stifel Nicolaus and TD Securities, have also revised their ratings on Ero Copper, with target prices varying from C$23.00 to C$37.00.
• The stock currently holds an average rating of "Hold" and has a consensus price target of C$31.92, reflecting mixed investor sentiment.

Ero Copper (TSE:ERO - Get Free Report) was downgraded by equities research analysts at Stifel Canada from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

ERO has been the subject of several other reports. Stifel Nicolaus cut shares of Ero Copper from a "buy" rating to a "hold" rating and raised their target price for the stock from C$26.00 to C$37.00 in a research report on Tuesday. Cibc World Mkts cut Ero Copper from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th. TD Securities lowered Ero Copper from a "buy" rating to a "hold" rating and increased their target price for the stock from C$24.00 to C$33.00 in a research report on Tuesday. Raymond James Financial raised their target price on Ero Copper from C$28.00 to C$33.00 in a research note on Friday, October 10th. Finally, Desjardins reduced their price target on Ero Copper from C$25.00 to C$23.00 and set a "hold" rating on the stock in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$31.92.

Ero Copper Price Performance

ERO opened at C$29.03 on Tuesday. 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 market capitalization of C$3.01 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of -0.72 and a beta of 1.52. The stock's 50 day moving average price is C$24.57 and its 200-day moving average price is C$21.01. Ero Copper has a 52-week low of C$13.17 and a 52-week high of C$34.41.

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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