Ero Copper (TSE:ERO) Given New C$25.00 Price Target at Canaccord Genuity Group

Ero Copper (TSE:ERO) had its price objective decreased by research analysts at Canaccord Genuity Group from C$29.00 to C$25.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 29.20% from the stock’s previous close.

ERO has been the topic of a number of other research reports. TD Securities raised Ero Copper from a “hold” rating to a “buy” rating and cut their price target for the company from C$26.00 to C$23.00 in a research note on Wednesday. Jefferies Financial Group cut their price target on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Raymond James cut their price target on Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday. Ventum Financial cut their price target on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Finally, Eight Capital dropped their price objective on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Ero Copper presently has a consensus rating of “Moderate Buy” and an average target price of C$30.38.

Ero Copper Trading Up 3.9 %

TSE:ERO traded up C$0.72 during trading hours on Wednesday, hitting C$19.35. 760,043 shares of the stock were exchanged, compared to its average volume of 354,345. The company’s 50 day moving average is C$19.86 and its two-hundred day moving average is C$24.10. Ero Copper has a twelve month low of C$18.16 and a twelve month high of C$32.89. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The company has a market capitalization of C$2.00 billion, a P/E ratio of -74.42, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Insider Activity at Ero Copper

In other Ero Copper news, Director Chantal Gosselin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total transaction of C$211,700.00. 10.37% of the stock is currently owned by company 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.