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

Ero Copper (TSE:ERO) had its price target dropped by Scotiabank from C$28.50 to C$25.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 24.50% from the company’s current price.

Several other equities research analysts also recently commented on ERO. Eight Capital reduced their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. TD Securities reduced their target price on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Ventum Financial reduced their target price on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, National Bankshares reduced their target price on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$30.38.

Ero Copper Stock Up 6.7 %

Shares of TSE:ERO opened at C$20.08 on Wednesday. Ero Copper has a 52 week low of C$18.16 and a 52 week high of C$32.89. 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 company’s fifty day moving average is C$19.81 and its 200-day moving average is C$24.05. The company has a market capitalization of C$1.41 billion, a PE ratio of 87.84, a P/E/G ratio of -0.72 and a beta of 1.98.

Insiders Place Their Bets

In related news, Director Chantal Gosselin purchased 10,000 shares of the stock in a transaction dated Friday, December 27th. The stock was bought at an average cost of C$19.44 per share, with a total value of C$194,400.00. Company insiders own 10.37% of the company’s stock.

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.