Ero Copper (TSE:ERO) Price Target Lowered to C$28.00 at Raymond James

Ero Copper (TSE:ERO) had its price target reduced by analysts at Raymond James from C$29.00 to C$28.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 39.44% from the company’s previous close. Raymond James also issued estimates for Ero Copper’s Q1 2025 earnings at $0.24 EPS, Q3 2025 earnings at $1.06 EPS and Q3 2025 earnings at $1.19 EPS.

A number of other equities analysts also recently issued reports on ERO. Ventum Financial dropped their price target on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Eight Capital dropped their price target on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Jefferies Financial Group dropped their price target on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. TD Securities upgraded Ero Copper from a “hold” rating to a “buy” rating and dropped their price target for the stock from C$26.00 to C$23.00 in a research note on Wednesday. Finally, The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$30.38.

Ero Copper Stock Performance

Shares of ERO opened at C$20.08 on Wednesday. The business’s fifty day simple moving average is C$19.81 and its two-hundred day simple moving average is C$24.05. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a 12 month low of C$18.16 and a 12 month high of C$32.89. The company has a market cap of C$1.41 billion, a price-to-earnings ratio of 87.84, a P/E/G ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling at Ero Copper

In other news, Director Chantal Gosselin bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. Insiders own 10.37% of the company’s stock.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.