Ero Copper (TSE:ERO - Get Free Report) was upgraded by equities researchers at BMO Capital Markets to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.
A number of other equities analysts have also weighed in on ERO. Scotiabank lowered their target price on Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Canaccord Genuity Group decreased their target price on shares of Ero Copper from C$29.00 to C$25.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Jefferies Financial Group dropped their price target on shares of Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th. Desjardins raised Ero Copper to a "hold" rating in a research report on Thursday, April 3rd. Finally, Raymond James increased their price target on Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$29.83.
Get Our Latest Research Report on ERO
Ero Copper Trading Up 3.5 %
Shares of TSE:ERO traded up C$0.53 during mid-day trading on Wednesday, hitting C$15.60. The company had a trading volume of 127,174 shares, compared to its average volume of 372,290. The company has a market capitalization of C$1.09 billion, a PE ratio of 68.24, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. Ero Copper has a one year low of C$13.17 and a one year high of C$32.89. The firm has a fifty day moving average price of C$17.37 and a 200 day moving average price of C$20.48. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43.
About Ero Copper
(
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Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.
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