Ero Copper (TSE:ERO) Price Target Lowered to C$26.00 at Stifel Nicolaus

Key Points

• The price target for Ero Copper has been lowered from C$29.00 to C$26.00 by Stifel Nicolaus, while still maintaining a "buy" rating.
• The current consensus rating for Ero Copper is "Moderate Buy," with an average target price of C$27.29, reflecting mixed sentiments from various research firms.
• Ero Copper's stock recently traded at C$19.02, with a potential upside of 36.70% from its revised target price, indicating strong interest for investors.

Ero Copper (TSE:ERO - Get Free Report) had its price objective lowered by equities researchers at Stifel Nicolaus from C$29.00 to C$26.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 36.70% from the company's current price.

A number of other research firms have also recently weighed in on ERO. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. Stifel Canada raised shares of Ero Copper to a "strong-buy" rating in a research note on Tuesday, July 8th. TD Securities increased their target price on shares of Ero Copper from C$20.00 to C$22.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. 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. Finally, BMO Capital Markets lifted their target price on shares of Ero Copper from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Friday, July 4th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$27.29.

Ero Copper Trading Up 2.8%

ERO stock traded up C$0.51 during mid-day trading on Tuesday, reaching C$19.02. The company had a trading volume of 261,263 shares, compared to its average volume of 363,951. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The company has a market capitalization of C$1.33 billion, a PE ratio of 83.21, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The firm has a 50 day moving average of C$20.75 and a 200 day moving average of C$19.00. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$31.56.

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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