Ero Copper (TSE:ERO) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of Ero Copper (TSE:ERO) from a buy rating to a hold rating in a report released on Monday, MarketBeat reports. They currently have C$40.00 price target on the stock, up from their prior price target of C$37.00.

Other equities research analysts also recently issued research reports about the stock. Stifel Canada downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Ventum Cap Mkts raised shares of Ero Copper to a “strong-buy” rating in a research report on Monday, November 3rd. Raymond James Financial raised their price objective on shares of Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. TD Securities lowered Ero Copper from a “buy” rating to a “hold” rating and boosted their target price for the company from C$24.00 to C$33.00 in a research report on Tuesday, October 21st. Finally, Scotiabank upgraded Ero Copper from a “hold” rating to an “outperform” rating and increased their price target for the stock from C$33.00 to C$36.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ero Copper presently has a consensus rating of “Hold” and an average price target of C$33.90.

Ero Copper Price Performance

Shares of Ero Copper stock opened at C$34.68 on Monday. The stock has a market cap of C$3.60 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of -0.72 and a beta of 1.64. 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 stock has a 50 day moving average price of C$31.37 and a 200-day moving average price of C$24.70. Ero Copper has a one year low of C$13.17 and a one year high of C$37.35.

Ero Copper (TSE:ERO) last released its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$246.59 million for the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%. Equities analysts expect that Ero Copper will post 4.7442244 EPS for the current year.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.