Ero Copper (TSE:ERO) Price Target Lowered to C$22.00 at Stifel Nicolaus

Ero Copper (TSE:ERO) had its target price lowered by Stifel Nicolaus from C$30.00 to C$22.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Other analysts also recently issued reports about the stock. National Bankshares set a C$22.50 price target on shares of Ero Copper and gave the stock a sector perform rating in a report on Wednesday, November 15th. BMO Capital Markets reduced their price objective on shares of Ero Copper from C$25.00 to C$22.00 and set a market perform rating for the company in a research report on Friday, November 3rd. CIBC reduced their price objective on shares of Ero Copper from C$26.00 to C$24.00 and set a neutral rating for the company in a research report on Friday, November 3rd. Canaccord Genuity Group reduced their price objective on shares of Ero Copper from C$33.00 to C$30.00 and set a buy rating for the company in a research report on Friday, October 20th. Finally, Raymond James reduced their price objective on shares of Ero Copper from C$28.00 to C$26.00 and set a market perform rating for the company in a research report on Monday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Ero Copper currently has an average rating of Hold and an average target price of C$24.04.

Ero Copper Stock Performance

Shares of TSE ERO opened at C$16.91 on Friday. The company’s fifty day moving average price is C$20.47 and its 200 day moving average price is C$24.66. Ero Copper has a 1 year low of C$14.84 and a 1 year high of C$32.12. The company has a market capitalization of C$1.58 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of -0.72 and a beta of 2.30. The company has a debt-to-equity ratio of 67.69, a quick ratio of 1.43 and a current ratio of 1.23.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company engages in the production and sale of copper concentrate from the Caraíba operations, located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver by-products. It also holds a 99.6% interest in the Tucumã project, a copper development project located within southeastern Pará state; and holds a 97.6% interest in the Xavantina Operations located in Mato Grosso state.