Ero Copper (TSE:ERO) Price Target Cut to C$29.00 by Analysts at Jefferies Financial Group

Ero Copper (TSE:ERO) had its price target lowered by research analysts at Jefferies Financial Group from C$33.00 to C$29.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 40.78% from the company’s previous close.

Several other research firms also recently weighed in on ERO. TD Securities decreased their price target on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Ventum Financial decreased their target price on Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Eight Capital cut their price target on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Canaccord Genuity Group raised their price objective on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Scotiabank lowered their target price on Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$32.92.

Ero Copper Price Performance

Ero Copper stock opened at C$20.60 on Tuesday. The stock’s 50 day moving average price is C$21.45 and its two-hundred day moving average price is C$25.74. The stock has a market capitalization of C$2.13 billion, a price-to-earnings ratio of -79.23, a PEG ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a 52-week low of C$18.38 and a 52-week high of C$32.89.

Insider Activity at Ero Copper

In other news, Director Chantal Gosselin purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is currently owned by insiders.

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.