Ero Copper (TSE:ERO) Given New C$30.00 Price Target at Scotiabank

Ero Copper (TSE:ERO) had its price objective reduced by Scotiabank from C$34.00 to C$30.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group lifted their target price on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Jefferies Financial Group reduced their price objective on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Ventum Financial reduced their price objective on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. National Bankshares reduced their price objective on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Finally, Eight Capital reduced their price objective on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$33.33.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$19.51 on Wednesday. The company has a market cap of C$2.01 billion, a P/E ratio of -75.04, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. Ero Copper has a 52 week low of C$18.67 and a 52 week high of C$32.89. The business has a fifty day simple moving average of C$24.47 and a 200-day simple moving average of C$26.93.

Insider Buying and Selling

In related news, Director Chantal Gosselin sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$21.17, for a total value of C$211,700.00. Insiders own 10.37% of the company’s stock.

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.