Jefferies Financial Group Cuts Ero Copper (TSE:ERO) Price Target to C$29.00

Ero Copper (TSE:ERO) had its price objective lowered by equities research analysts at Jefferies Financial Group from C$33.00 to C$29.00 in a research note issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 43.42% from the stock’s previous close.

Several other equities analysts also recently weighed in on ERO. Eight Capital cut their target price on Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. Scotiabank reduced their target price on shares of Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. The Goldman Sachs Group raised shares of Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Ventum Financial reduced their price target on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Finally, Canaccord Genuity Group boosted their price objective on Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and a consensus price target of C$32.92.

Ero Copper Stock Performance

Shares of Ero Copper stock traded down C$0.28 during trading hours on Tuesday, reaching C$20.22. 221,523 shares of the stock traded hands, compared to its average volume of 258,277. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The firm has a market capitalization of C$2.09 billion, a price-to-earnings ratio of -77.77, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a one year low of C$18.38 and a one year high of C$32.89. The company has a 50 day moving average price of C$21.58 and a 200 day moving average price of C$25.78.

Insider Buying and Selling

In related news, Director Chantal Gosselin purchased 10,000 shares of the business’s 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. 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.