Ero Copper (TSE:ERO) Price Target Increased to C$24.00 by Analysts at TD Securities

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Ero Copper (TSE:ERO) had its target price raised by TD Securities from C$22.00 to C$24.00 in a report issued on Monday, July 22nd, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity increased their target price on shares of Ero Copper from C$16.50 to C$20.00 in a research report on Monday, April 15th. BMO Capital Markets raised their target price on shares of Ero Copper from C$16.50 to C$17.50 and gave the company a market perform rating in a research note on Friday, June 21st. National Bank Financial raised their target price on shares of Ero Copper from C$21.50 to C$24.00 and gave the company a sector perform rating in a research note on Thursday, July 18th. Raymond James raised their target price on shares of Ero Copper from C$17.00 to C$22.00 and gave the company an outperform rating in a research note on Friday, June 21st. Finally, CIBC reissued a neutral rating and set a C$17.00 price objective on shares of Ero Copper in a research note on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of C$20.64.

Ero Copper stock traded down C$0.42 during mid-day trading on Monday, reaching C$20.83. The company had a trading volume of 196,931 shares, compared to its average volume of 252,356. Ero Copper has a 52 week low of C$7.62 and a 52 week high of C$25.69. The stock has a market cap of $1.77 billion and a price-to-earnings ratio of 39.53. The company has a current ratio of 1.09, a quick ratio of 0.63 and a debt-to-equity ratio of 114.95. The stock’s 50 day simple moving average is C$23.29.

About Ero Copper

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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