Eight Capital Issues Pessimistic Forecast for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:EROGet Free Report) had its price objective lowered by equities researchers at Eight Capital from C$40.00 to C$34.00 in a research note issued on Wednesday, BayStreet.CA reports. Eight Capital’s target price would suggest a potential upside of 43.58% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group lifted their price objective 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. BMO Capital Markets raised their price objective on shares of Ero Copper from C$41.00 to C$43.00 in a research note on Tuesday, July 23rd. Scotiabank lowered their price target on Ero Copper from C$37.00 to C$34.00 in a research report on Wednesday. Jefferies Financial Group cut their price objective on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$33.27.

Check Out Our Latest Stock Report on Ero Copper

Ero Copper Trading Down 8.1 %

ERO stock traded down C$2.09 during trading on Wednesday, hitting C$23.68. The company had a trading volume of 642,399 shares, compared to its average volume of 296,651. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.89. The company has a 50 day simple moving average of C$27.75 and a 200-day simple moving average of C$28.18. The firm has a market capitalization of C$2.44 billion, a P/E ratio of -91.08, a PEG 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.

About Ero Copper

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Ero Copper (TSE:ERO)

Receive News & Ratings for Ero Copper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ero Copper and related companies with MarketBeat.com's FREE daily email newsletter.