Ero Copper (TSE:ERO)‘s stock had its “outperform” rating reissued by Raymond James in a research note issued to investors on Friday, BayStreet.CA reports. They currently have a C$20.00 price objective on the stock. Raymond James’ target price would suggest a potential upside of 19.62% from the stock’s previous close.
ERO has been the topic of a number of other research reports. TD Securities cut their target price on shares of Ero Copper from C$24.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday. CIBC lowered their price target on shares of Ero Copper from C$25.00 to C$23.00 in a report on Friday, September 6th. Canaccord Genuity lowered their price target on shares of Ero Copper from C$28.50 to C$24.50 in a report on Friday. National Bank Financial lowered their price target on shares of Ero Copper from C$22.50 to C$18.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Cormark raised their price target on shares of Ero Copper from C$17.50 to C$20.00 in a report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$21.00.
Shares of ERO stock opened at C$16.72 on Friday. The company’s fifty day simple moving average is C$19.76 and its 200-day simple moving average is C$19.59. Ero Copper has a 52 week low of C$8.55 and a 52 week high of C$25.69. The company has a current ratio of 1.09, a quick ratio of 0.66 and a debt-to-equity ratio of 114.95. The company has a market cap of $1.55 billion and a PE ratio of 31.43.
About Ero Copper
Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.
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