Ero Copper (TSE:ERO) Price Target Raised to C$26.00 at Scotiabank

Ero Copper (TSE:ERO - Get Free Report) had its price target upped by equities research analysts at Scotiabank from C$24.00 to C$26.00 in a report issued on Monday,BayStreet.CA reports. Scotiabank's target price indicates a potential upside of 23.34% from the company's current price.

Several other research firms also recently weighed in on ERO. BMO Capital Markets raised Ero Copper to a "strong-buy" rating in a report on Wednesday, April 16th. Raymond James Financial upped their price target on Ero Copper from C$26.00 to C$28.00 in a research note on Friday, April 4th. National Bank Financial upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. TD Securities lifted their price objective on shares of Ero Copper from C$20.00 to C$22.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group lowered their price objective on shares of Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$29.91.

Ero Copper Stock Performance

Shares of ERO stock traded down C$0.31 during trading hours on Monday, hitting C$21.08. The stock had a trading volume of 48,639 shares, compared to its average volume of 346,125. The firm has a market capitalization of C$1.48 billion, a PE ratio of 92.22, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$31.73. The stock's 50 day moving average is C$18.56 and its 200 day moving average is C$18.82. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43.

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.