Stifel Nicolaus Has Lowered Expectations for Ero Copper (TSE:ERO) Stock Price

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 - Free Report) had its price target lowered by Stifel Nicolaus from C$29.00 to C$26.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on ERO. BMO Capital Markets increased their price objective on Ero Copper from C$24.00 to C$27.00 and gave the company an "outperform" rating in a research report on Friday, July 4th. Canaccord Genuity Group reduced their price objective on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Raymond James Financial raised Ero Copper to a "moderate buy" rating in a research report on Monday, June 30th. Scotiabank increased their price objective on Ero Copper from C$24.00 to C$26.00 in a research report on Monday, June 16th. Finally, National Bankshares lowered 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. Three 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.com, Ero Copper currently has a consensus rating of "Moderate Buy" and an average target price of C$27.29.

Ero Copper Stock Performance

Shares of ERO traded up C$0.34 during mid-day trading on Tuesday, hitting C$19.23. The company's stock had a trading volume of 227,257 shares, compared to its average volume of 362,928. Ero Copper has a one year low of C$13.17 and a one year high of C$31.56. 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 firm has a market capitalization of C$1.35 billion, a PE ratio of 84.12, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The stock's 50-day moving average is C$20.68 and its two-hundred day moving average is C$18.95.

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.