Ero Copper (TSE:ERO) Price Target Lowered to C$42.00 at Jefferies Financial Group

Ero Copper (TSE:ERO) had its price target cut by research analysts at Jefferies Financial Group from C$49.00 to C$42.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential upside of 12.48% from the stock’s current price.

Several other equities research analysts also recently commented on ERO. National Bank Financial upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating and set a C$50.00 price objective for the company in a research note on Tuesday, May 5th. BMO Capital Markets upped their price target on Ero Copper from C$42.00 to C$48.00 in a research report on Wednesday, April 22nd. TD upped their price objective on Ero Copper from C$45.00 to C$47.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. The Goldman Sachs Group cut shares of Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 target price for the company. in a research note on Monday, April 13th. 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 note on Monday, June 15th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$46.00.

Ero Copper Trading Down 1.9%

Shares of Ero Copper stock traded down C$0.72 during trading hours on Monday, reaching C$37.34. The stock had a trading volume of 90,063 shares, compared to its average volume of 522,492. The company has a current ratio of 1.30, a quick ratio of 1.43 and a debt-to-equity ratio of 54.96. The firm has a market capitalization of C$3.89 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of -0.72 and a beta of 1.78. The firm has a 50 day simple moving average of C$39.04 and a two-hundred day simple moving average of C$39.97. Ero Copper has a 1 year low of C$17.66 and a 1 year high of C$53.69.

Insider Activity at Ero Copper

In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of Ero Copper stock in a transaction dated 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 owned 200,000 shares of the company’s stock, valued at approximately C$8,360,000. The trade was a 4.76% decrease in their position. 10.37% of the stock is owned by insiders.

Ero Copper Company Profile

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.