Ero Copper (TSE:ERO) Downgraded by Jefferies Financial Group to Hold

Ero Copper (TSE:ERO) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Monday,BayStreet.CA reports. They presently have a C$40.00 price objective on the stock, up from their prior price objective of C$37.00. Jefferies Financial Group’s price target would suggest a potential upside of 18.73% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Ventum Cap Mkts upgraded shares of Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Stifel Canada downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. CIBC raised their price objective on Ero Copper from C$37.00 to C$42.00 in a research note on Friday. Cibc World Mkts cut Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Scotiabank upgraded Ero Copper from a “hold” rating to an “outperform” rating and increased their price target for the company from C$33.00 to C$36.00 in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$33.90.

Ero Copper Stock Down 2.6%

Shares of Ero Copper stock traded down C$0.89 during trading on Monday, hitting C$33.69. 215,744 shares of the stock traded hands, compared to its average volume of 375,472. The stock has a market cap of C$3.50 billion, a P/E ratio of 25.33, a PEG ratio of -0.72 and a beta of 1.64. The company has a fifty day moving average price of C$31.02 and a two-hundred day moving average price of C$24.42. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$37.35. 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 (TSE:ERO) last released its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 EPS for the quarter. The firm had revenue of C$246.59 million for the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%. Equities research analysts predict that Ero Copper will post 4.7442244 EPS for the current fiscal year.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.