Jefferies Financial Group Lowers Ero Copper (TSE:ERO) Price Target to C$39.00

Ero Copper (TSE:ERO) had its target price decreased by equities researchers at Jefferies Financial Group from C$42.00 to C$39.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 11.81% from the stock’s previous close.

Several other equities analysts have also recently weighed in on ERO. The Goldman Sachs Group cut Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 price objective for the company. in a report on Monday, April 13th. National Bank Financial raised Ero Copper from a “hold” rating to a “strong-buy” rating and set a C$50.00 target price on the stock in a report on Tuesday, May 5th. BMO Capital Markets raised their price target on Ero Copper from C$42.00 to C$48.00 in a research report on Wednesday, April 22nd. TD boosted their price target on Ero Copper from C$45.00 to C$47.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Finally, Scotiabank upped their price objective on shares of Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.79.

Ero Copper Price Performance

Shares of ERO stock traded down C$1.35 during trading on Monday, hitting C$34.88. The company had a trading volume of 141,858 shares, compared to its average volume of 518,706. The company has a debt-to-equity ratio of 54.96, a quick ratio of 1.43 and a current ratio of 1.30. The firm has a market capitalization of C$3.64 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of -0.72 and a beta of 1.78. The stock’s 50-day moving average price is C$38.93 and its 200 day moving average price is C$39.98. Ero Copper has a one year low of C$17.66 and a one year high of C$53.69.

Insider Buying and Selling

In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$41.80, for a total transaction of C$418,000.00. Following the completion of the sale, the director directly owned 200,000 shares in the company, valued at C$8,360,000. This represents a 4.76% decrease in their ownership of the stock. 10.37% of the stock is currently owned by corporate insiders.

About Ero Copper

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.