Jefferies Financial Group Issues Pessimistic Forecast for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its price objective decreased by analysts at Jefferies Financial Group from C$33.00 to C$29.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 40.78% from the stock’s previous close.

A number of other research firms have also recently weighed in on ERO. The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. National Bankshares cut their target price 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, October 15th. Eight Capital decreased their price target on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Scotiabank cut their price objective on shares of Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Finally, TD Securities reduced their price objective on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and a consensus price target of C$32.92.

Ero Copper Price Performance

Shares of TSE ERO opened at C$20.60 on Tuesday. Ero Copper has a twelve month low of C$18.38 and a twelve month high of C$32.89. The company has a market cap of C$2.13 billion, a PE ratio of -79.23, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The business’s 50 day moving average price is C$21.45 and its two-hundred day moving average price is C$25.74. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63.

Insider Buying and Selling

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