Raymond James Issues Positive Forecast for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its target price hoisted by Raymond James from C$26.00 to C$28.00 in a research report report published on Friday,BayStreet.CA reports.

Several other brokerages have also recently issued reports on ERO. National Bankshares decreased their target price on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating on the stock in a research report on Wednesday, February 12th. TD Securities decreased their price objective 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. Canaccord Genuity Group lowered their price objective on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Scotiabank cut their target price on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group lowered their price target on Ero Copper from C$33.00 to C$29.00 in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ero Copper has an average rating of “Moderate Buy” and an average target price of C$30.00.

Ero Copper Price Performance

Ero Copper stock opened at C$14.10 on Friday. Ero Copper has a 52-week low of C$13.62 and a 52-week high of C$32.89. 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 firm’s fifty day moving average is C$18.58 and its 200 day moving average is C$21.79. The company has a market cap of C$988.82 million, a price-to-earnings ratio of 61.68, a PEG ratio of -0.72 and a beta of 1.98.

About Ero Copper

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.