Ero Copper (TSE:ERO) Raised to “Hold” at Desjardins

Desjardins upgraded shares of Ero Copper (TSE:ERO) to a hold rating in a research report released on Thursday,Zacks.com reports.

A number of other equities analysts also recently commented on ERO. National Bankshares reduced their target price on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. Scotiabank reduced their price objective on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Raymond James raised their target price on shares of Ero Copper from C$26.00 to C$28.00 in a research note on Friday. TD Securities reduced their price target on Ero Copper from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Finally, Jefferies Financial Group decreased their price objective on Ero Copper from C$25.00 to C$22.00 in a report on Friday. Four investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$30.00.

Ero Copper Trading Down 11.0 %

Shares of TSE:ERO opened at C$14.10 on Thursday. The company has a market capitalization of C$988.82 million, a PE ratio of 61.68, a P/E/G ratio of -0.72 and a beta of 1.98. 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 12-month low of C$13.62 and a 12-month high of C$32.89. The business’s fifty day simple moving average is C$18.58 and its 200-day simple moving average is C$21.88.

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.