TD Securities Upgrades Ero Copper (TSE:ERO) to Buy

TD Securities upgraded shares of Ero Copper (TSE:ERO) from a hold rating to a buy rating in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has C$23.00 target price on the stock, down from their previous target price of C$26.00.

Several other research firms have also recently commented on ERO. Eight Capital cut their price target on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Ventum Financial cut their price target on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Scotiabank lowered their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group lowered their price objective on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$30.38.

Ero Copper Trading Up 1.0 %

Ero Copper stock opened at C$18.82 on Wednesday. The business has a 50 day moving average price of C$19.86 and a two-hundred day moving average price of C$24.10. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of -72.38, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. Ero Copper has a 12 month low of C$18.16 and a 12 month high of C$32.89.

Insider Buying and Selling

In other Ero Copper news, Director Chantal Gosselin purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is owned by corporate insiders.

Ero Copper Company Profile

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.