Ero Copper Corp. (TSE:ERO - Get Free Report) shares shot up 1% on Tuesday . The company traded as high as C$20.16 and last traded at C$20.08. 274,325 shares traded hands during trading, a decline of 23% from the average session volume of 357,114 shares. The stock had previously closed at C$19.89.
Analysts Set New Price Targets
A number of research firms have recently weighed in on ERO. Desjardins raised Ero Copper to a "hold" rating in a report on Thursday, April 3rd. Raymond James lifted their target price on Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. Jefferies Financial Group decreased their target price on Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th. National Bankshares upgraded Ero Copper from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$21.50 to C$23.00 in a research report on Wednesday, May 7th. Finally, Canaccord Genuity Group decreased their target price on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Ero Copper presently has a consensus rating of "Buy" and an average price target of C$29.73.
Check Out Our Latest Stock Report on ERO
Ero Copper Price Performance
The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The business has a 50-day moving average price of C$17.47 and a two-hundred day moving average price of C$18.88. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 95.15, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.
About Ero Copper
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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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