Scotiabank Cuts Ero Copper (TSE:ERO) Price Target to C$25.00

Ero Copper (TSE:ERO) had its price objective decreased by Scotiabank from C$28.50 to C$25.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

ERO has been the topic of several other reports. National Bankshares dropped their price objective on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group dropped their price objective on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. TD Securities dropped their price objective on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Ventum Financial dropped their price objective on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and a consensus price target of C$30.38.

Ero Copper Price Performance

ERO stock opened at C$18.82 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. Ero Copper has a 52-week low of C$18.16 and a 52-week high of C$32.89. The stock’s 50 day moving average is C$19.86 and its two-hundred day moving average is C$24.10. The company has a market capitalization of C$1.94 billion, a PE ratio of -72.38, a P/E/G ratio of -0.72 and a beta of 1.98.

Insider Activity at Ero Copper

In related news, Director Chantal Gosselin acquired 10,000 shares of Ero Copper stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of C$19.44 per share, for a total transaction 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.