Jefferies Financial Group Lowers Ero Copper (TSE:ERO) Price Target to C$34.00

Ero Copper (TSE:ERO) had its target price lowered by equities researchers at Jefferies Financial Group from C$35.00 to C$34.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 25.14% from the company’s previous close.

A number of other research firms have also recently commented on ERO. Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Eight Capital upped their price objective on shares of Ero Copper from C$30.00 to C$40.00 in a research note on Thursday, July 11th. Ventum Cap Mkts raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 22nd. CIBC raised shares of Ero Copper from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$32.00 to C$36.00 in a research note on Thursday, June 20th. Finally, National Bankshares dropped their price objective on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research note on Tuesday. Five 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. According to MarketBeat, Ero Copper has a consensus rating of “Moderate Buy” and an average price target of C$33.96.

Ero Copper Stock Up 1.1 %

ERO opened at C$27.17 on Thursday. The stock has a market capitalization of C$2.80 billion, a price-to-earnings ratio of -104.50, a PEG ratio of -0.72 and a beta of 1.98. The company has a fifty day moving average of C$27.90 and a two-hundred day moving average of C$28.32. 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 fifty-two week low of C$15.72 and a fifty-two week high of C$32.89.

Ero Copper (TSE:ERO) last released its earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.02. The business had revenue of C$160.22 million during the quarter, compared to analysts’ expectations of C$154.50 million. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. On average, research analysts expect that Ero Copper will post 4.7442244 earnings per share for the current year.

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.