Ero Copper (TSE:ERO) PT Lowered to C$22.00 at Scotiabank

Ero Copper (TSE:ERO) had its price target decreased by Scotiabank from C$27.00 to C$22.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets reduced their price target on Ero Copper from C$30.00 to C$29.00 and set a market perform rating on the stock in a research report on Wednesday. reduced their price target on Ero Copper from C$32.00 to C$30.00 in a research report on Tuesday, October 19th. Cormark reduced their price target on Ero Copper from C$30.00 to C$25.00 and set a buy rating on the stock in a research report on Wednesday. CIBC reduced their price target on Ero Copper from C$32.00 to C$27.00 in a research report on Monday, December 6th. Finally, TD Securities raised Ero Copper from a hold rating to a buy rating and set a C$30.00 price target on the stock in a research report on Friday, November 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ero Copper presently has a consensus rating of Buy and a consensus target price of C$26.71.

Shares of Ero Copper stock opened at C$16.30 on Wednesday. The business has a 50-day moving average of C$19.94 and a 200 day moving average of C$22.61. Ero Copper has a 12 month low of C$16.00 and a 12 month high of C$29.76. The stock has a market capitalization of C$1.46 billion and a price-to-earnings ratio of 6.11. The company has a debt-to-equity ratio of 17.46, a current ratio of 1.77 and a quick ratio of 1.44.

Ero Copper (TSE:ERO) last announced its earnings results on Wednesday, November 10th. The company reported C$0.62 EPS for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.02. The firm had revenue of C$140.77 million for the quarter. Equities research analysts anticipate that Ero Copper will post 2.6422707 earnings per share for the current year.

About Ero Copper

Ero Copper Corp., a mining company, focuses on the production, exploration, and development of mining projects in Brazil. The company also explores for copper, gold, and silver deposits. Its principal property is the Vale do Curaçá property covering an area of approximately 153,741 hectares located in the northeastern Bahia State, Brazil.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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