Ero Copper (TSE:ERO) Price Target Raised to C$52.00 at Canaccord Genuity Group

Ero Copper (TSE:ERO) had its target price hoisted by investment analysts at Canaccord Genuity Group from C$48.00 to C$52.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 9.70% from the company’s current price.

Several other analysts have also recently weighed in on ERO. Bank of America cut shares of Ero Copper from a “buy” rating to a “neutral” rating and cut their price target for the company from C$49.00 to C$45.00 in a report on Monday, February 9th. Canadian Imperial Bank of Commerce raised their price objective on shares of Ero Copper from C$42.00 to C$52.00 in a report on Wednesday, February 4th. Scotiabank upped their target price on Ero Copper from C$36.00 to C$45.00 in a report on Thursday, January 8th. National Bank Financial decreased their target price on Ero Copper from C$56.00 to C$53.50 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group dropped their price target on Ero Copper from C$45.00 to C$38.00 in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Ero Copper currently has a consensus rating of “Moderate Buy” and a consensus price target of C$44.54.

Ero Copper Trading Up 3.3%

Shares of TSE ERO traded up C$1.50 during trading hours on Wednesday, hitting C$47.40. The company’s stock had a trading volume of 252,443 shares, compared to its average volume of 620,602. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$53.69. The stock has a market cap of C$4.92 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of -0.72 and a beta of 1.99. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The business has a 50-day simple moving average of C$41.84 and a 200-day simple moving average of C$32.62.

Insider Activity at Ero Copper

In other news, Director John H. Wright sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the completion of the transaction, the director directly owned 377,832 shares in the company, valued at C$19,688,825.52. This trade represents a 3.82% decrease in their ownership of the stock. Corporate insiders own 10.37% of the company’s stock.

About Ero Copper