Eight Capital Lowers Ero Copper (TSE:ERO) Price Target to C$34.00

Ero Copper (TSE:ERO) had its price target lowered by research analysts at Eight Capital from C$40.00 to C$34.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Eight Capital’s price objective suggests a potential upside of 43.58% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. BMO Capital Markets upped their target price on shares of Ero Copper from C$41.00 to C$43.00 in a research report on Tuesday, July 23rd. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating and boosted their target price for the company from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd. Ventum Cap Mkts upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd. Canaccord Genuity Group boosted their price objective on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, National Bankshares lowered their target price on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$33.27.

Ero Copper Trading Down 8.1 %

Ero Copper stock traded down C$2.09 during mid-day trading on Wednesday, hitting C$23.68. The company’s stock had a trading volume of 642,399 shares, compared to its average volume of 296,651. Ero Copper has a 1 year low of C$15.72 and a 1 year high of C$32.89. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The firm has a market capitalization of C$2.44 billion, a PE ratio of -91.08, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The stock’s fifty day moving average is C$27.75 and its two-hundred day moving average is C$28.18.

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.