Ero Copper (TSE:ERO) Price Target Raised to C$37.00 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised Ero Copper's target price from C$34.00 to C$37.00, which indicates a potential upside of 19.62% based on the stock's previous close.
• Other analysts have recently made adjustments to Ero Copper's ratings and price targets, with Scotiabank lowering its rating from "outperform" to "hold" while increasing the target from C$26.50 to C$32.00.
• The current trading price of Ero Copper is C$30.93, with a market capitalization of C$3.20 billion and varying ratings indicating a generally optimistic outlook for the company's stock.

Ero Copper (TSE:ERO - Get Free Report) had its target price increased by equities researchers at Jefferies Financial Group from C$34.00 to C$37.00 in a research report issued on Friday,BayStreet.CA reports. Jefferies Financial Group's price target suggests a potential upside of 19.62% from the stock's previous close.

ERO has been the topic of several other reports. Scotiabank lowered shares of Ero Copper from an "outperform" rating to a "hold" rating and raised their price target for the stock from C$26.50 to C$32.00 in a research report on Tuesday. Cibc World Mkts cut shares of Ero Copper from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 9th. Stifel Nicolaus cut their price target on Ero Copper from C$29.00 to C$26.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. National Bankshares upped their price target on Ero Copper from C$27.00 to C$35.00 and gave the company a "sector perform" rating in a report on Wednesday, October 8th. Finally, Raymond James Financial boosted their price objective on Ero Copper from C$28.00 to C$33.00 in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Ero Copper has an average rating of "Moderate Buy" and an average target price of C$30.08.

Ero Copper Price Performance

Shares of ERO traded down C$1.07 during mid-day trading on Friday, hitting C$30.93. The company's stock had a trading volume of 508,094 shares, compared to its average volume of 376,703. The stock has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 22.41, a PEG ratio of -0.72 and a beta of 1.52. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$34.41. 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 firm has a 50-day moving average price of C$23.87 and a 200 day moving average price of C$20.68.

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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