Jefferies Financial Group Cuts Ero Copper (TSE:ERO) Price Target to C$29.00

Ero Copper (TSE:ERO) had its price target trimmed by Jefferies Financial Group from C$33.00 to C$29.00 in a report released on Tuesday,BayStreet.CA reports.

Several other research analysts have also commented on the company. National Bankshares reduced their price target on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. TD Securities reduced their target price on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Eight Capital lowered their price target on shares of Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Scotiabank reduced their price objective on shares of Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Finally, Ventum Financial lowered their target price on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$32.92.

Ero Copper Price Performance

Shares of ERO opened at C$20.82 on Tuesday. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. The company has a 50 day moving average price of C$21.22 and a 200-day moving average price of C$25.65. Ero Copper has a fifty-two week low of C$18.38 and a fifty-two week high of C$32.89. The stock has a market capitalization of C$2.15 billion, a PE ratio of -80.08, a PEG ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling

In related news, Director Chantal Gosselin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$21.17, for a total transaction of C$211,700.00. 10.37% of the stock is owned by corporate 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.