TD Securities Cuts Ero Copper (TSE:ERO) Price Target to C$22.00

Ero Copper (TSE:ERO) had its price target trimmed by TD Securities from C$23.00 to C$22.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on ERO. Canaccord Genuity Group decreased their price objective on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. National Bankshares dropped their price target on 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. Ventum Financial reduced their price target on shares of Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Jefferies Financial Group decreased their target price on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Ero Copper has an average rating of “Moderate Buy” and a consensus price target of C$30.58.

Ero Copper Trading Up 1.8 %

TSE:ERO opened at C$17.85 on Monday. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a one year low of C$16.11 and a one year high of C$32.89. The business’s 50-day simple moving average is C$19.29 and its 200 day simple moving average is C$22.93. The stock has a market cap of C$1.25 billion, a price-to-earnings ratio of 78.09, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Insiders Place Their Bets

In related news, Director Chantal Gosselin purchased 10,000 shares of Ero Copper stock in a transaction on Friday, December 27th. The stock was bought at an average price of C$19.44 per share, with a total value of C$194,400.00. Insiders own 10.37% of the company’s stock.

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.