Ero Copper (TSE:ERO) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Ero Copper (TSE:ERO - Free Report) to a moderate buy rating in a research report report published on Monday,Zacks.com reports.

Several other research firms have also recently commented on ERO. Desjardins upgraded shares of Ero Copper to a "hold" rating in a report on Thursday, April 3rd. BMO Capital Markets raised Ero Copper to a "strong-buy" rating in a research report on Wednesday, April 16th. National Bankshares raised Ero Copper from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$21.50 to C$23.00 in a research note on Wednesday, May 7th. National Bank Financial raised Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Scotiabank increased their price objective on Ero Copper from C$24.00 to C$26.00 in a report on Monday, June 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ero Copper currently has an average rating of "Buy" and a consensus target price of C$29.30.

Ero Copper Stock Up 3.1%

TSE ERO traded up C$0.71 during trading on Monday, reaching C$23.71. 525,333 shares of the company's stock were exchanged, compared to its average volume of 345,158. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$31.73. The company's fifty day simple moving average is C$20.01 and its 200-day simple moving average is C$18.95. The firm has a market capitalization of C$1.66 billion, a PE ratio of 103.72, a P/E/G ratio of -0.72 and a beta of 1.98.

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.