Ventum Financial Has Lowered Expectations for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its price target dropped by equities research analysts at Ventum Financial from C$31.50 to C$29.00 in a report released on Thursday,BayStreet.CA reports. Ventum Financial’s price target would suggest a potential upside of 33.09% from the stock’s previous close.

A number of other research firms have also commented on ERO. TD Securities reduced their price target on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group reduced their price target on shares of Ero Copper from C$35.00 to C$34.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Scotiabank reduced their price target on shares of Ero Copper from C$37.00 to C$34.00 in a research report on Wednesday, November 6th. Eight Capital reduced their price target on shares of Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group lifted their price objective on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$33.67.

Ero Copper Stock Down 1.8 %

Ero Copper stock opened at C$21.79 on Thursday. The firm has a 50 day simple moving average of C$26.79 and a 200 day simple moving average of C$27.79. The firm has a market capitalization of C$2.25 billion, a price-to-earnings ratio of -85.38, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. Ero Copper has a 1-year low of C$16.28 and a 1-year high of C$32.89.

Ero Copper Company Profile

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.