Canaccord Genuity Group Has Lowered Expectations for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its target price lowered by analysts at Canaccord Genuity Group from C$29.00 to C$25.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 24.50% from the company’s previous close.

A number of other analysts have also weighed in on the company. TD Securities upgraded Ero Copper from a “hold” rating to a “buy” rating and lowered their target price for the stock from C$26.00 to C$23.00 in a report on Wednesday. Scotiabank decreased their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday. Ventum Financial decreased their price objective on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. National Bankshares decreased their price objective on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Ero Copper presently has an average rating of “Moderate Buy” and an average price target of C$30.38.

Ero Copper Stock Up 6.7 %

Ero Copper stock opened at C$20.08 on Wednesday. The business has a fifty day moving average of C$19.81 and a two-hundred day moving average of C$24.05. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The firm has a market cap of C$1.41 billion, a P/E ratio of 87.84, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a twelve month low of C$18.16 and a twelve month high of C$32.89.

Insiders Place Their Bets

In related news, Director Chantal Gosselin purchased 10,000 shares of the business’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is owned by insiders.

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.