Eight Capital Cuts Ero Copper (TSE:ERO) Price Target to C$34.00

Ero Copper (TSE:ERO) had its target price trimmed by Eight Capital from C$40.00 to C$34.00 in a research report report published on Wednesday,BayStreet.CA reports.

ERO has been the subject of several other research reports. Canaccord Genuity Group increased their price objective on shares of Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their price objective on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Ventum Financial lowered their price objective on shares of Ero Copper from C$33.00 to C$32.50 in a research report on Thursday, August 22nd. TD Securities lowered their price objective on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Finally, National Bankshares lowered their price objective on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$33.04.

Ero Copper Price Performance

ERO stock opened at C$24.13 on Wednesday. Ero Copper has a 52 week low of C$15.72 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 82.63. The company has a fifty day simple moving average of C$27.50 and a two-hundred day simple moving average of C$28.11. The firm has a market capitalization of C$2.49 billion, a P/E ratio of -92.81, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

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.