Ero Copper (TSE:ERO) Price Target Lowered to C$34.00 at Jefferies Financial Group

Ero Copper (TSE:ERO) had its price target decreased by Jefferies Financial Group from C$35.00 to C$34.00 in a research note published on Thursday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other brokerages have also recently commented on ERO. BMO Capital Markets boosted their price objective on Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Scotiabank upped their price objective on shares of Ero Copper from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Ventum Financial lowered their target price on shares of Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$33.96.

Ero Copper Stock Up 1.1 %

Shares of TSE ERO opened at C$27.17 on Thursday. 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 firm has a market cap of C$2.80 billion, a PE ratio of -104.50, a P/E/G ratio of -0.72 and a beta of 1.98. The company’s fifty day simple moving average is C$27.90 and its 200 day simple moving average is C$28.34. Ero Copper has a 12-month low of C$15.72 and a 12-month high of C$32.89.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.23 by C$0.02. The firm had revenue of C$160.22 million for the quarter, compared to analyst estimates of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. As a group, sell-side analysts forecast that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

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.