Ero Copper (TSE:ERO) has been assigned a C$22.00 target price by equities research analysts at Raymond James in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 2.28% from the company’s current price.
A number of other research firms also recently weighed in on ERO. Cormark raised their price target on Ero Copper from C$17.50 to C$20.00 in a research note on Tuesday, July 23rd. TD Securities raised their price target on Ero Copper from C$22.00 to C$24.00 in a research note on Monday, July 22nd. National Bank Financial raised their price target on Ero Copper from C$21.50 to C$24.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 18th. Canaccord Genuity raised their price target on Ero Copper from C$16.50 to C$20.00 in a research note on Monday, April 15th. Finally, BMO Capital Markets raised their price target on Ero Copper from C$16.50 to C$17.50 and gave the stock a “market perform” rating in a research note on Friday, June 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ero Copper currently has a consensus rating of “Hold” and a consensus target price of C$20.64.
Shares of ERO traded up C$0.66 during midday trading on Monday, reaching C$21.51. 83,664 shares of the stock were exchanged, compared to its average volume of 252,943. Ero Copper has a 12-month low of C$7.62 and a 12-month high of C$25.69. The business has a 50 day simple moving average of C$23.38. The company has a debt-to-equity ratio of 114.95, a quick ratio of 0.63 and a current ratio of 1.09. The firm has a market cap of $1.77 billion and a P/E ratio of 40.82.
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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