Ero Copper (TSE:ERO) Price Target Raised to C$37.00 at Jefferies Financial Group

Ero Copper (TSE:ERO) had its price target raised by Jefferies Financial Group from C$34.00 to C$37.00 in a research report sent to investors on Friday,BayStreet.CA reports.

ERO has been the topic of several other research reports. Raymond James Financial raised their target price on shares of Ero Copper from C$28.00 to C$33.00 in a report on Friday, October 10th. Scotiabank cut shares of Ero Copper from an “outperform” rating to a “hold” rating and raised their target price for the stock from C$26.50 to C$32.00 in a report on Tuesday. National Bankshares raised their target price on shares of Ero Copper from C$27.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 8th. Cibc World Mkts cut shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, BMO Capital Markets lifted their price target on shares of Ero Copper from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Friday, July 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.08.

Ero Copper Trading Down 3.3%

Shares of ERO stock opened at C$30.93 on Friday. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$34.41. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. The firm’s 50 day moving average is C$24.10 and its 200 day moving average is C$20.77. The stock has a market capitalization of C$3.20 billion, a P/E ratio of 22.41, a P/E/G ratio of -0.72 and a beta of 1.52.

Ero Copper Company Profile

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.