Ero Copper (TSE:ERO) Given New C$38.00 Price Target at Jefferies Financial Group

Ero Copper (TSE:ERO) had its target price decreased by Jefferies Financial Group from C$45.00 to C$38.00 in a report released on Friday morning,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. Canaccord Genuity Group upgraded Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Stifel Nicolaus lowered shares of Ero Copper from a “buy” rating to a “hold” rating and lifted their price target for the company from C$26.00 to C$37.00 in a research report on Tuesday, October 21st. Raymond James Financial upped their price target on Ero Copper from C$33.00 to C$40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Canadian Imperial Bank of Commerce increased their target price on shares of Ero Copper from C$42.00 to C$52.00 in a research note on Wednesday. Finally, National Bankshares increased their price objective on shares of Ero Copper from C$43.00 to C$56.00 in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$41.91.

Ero Copper Stock Down 3.1%

ERO opened at C$41.82 on Friday. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$53.69. The company has a fifty day moving average of C$40.10 and a two-hundred day moving average of C$30.51. The stock has a market capitalization of C$4.34 billion, a price-to-earnings ratio of 31.44, a PEG ratio of -0.72 and a beta of 1.99.

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

Insider Activity

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the completion of the transaction, the director owned 377,832 shares in the company, valued at approximately C$19,688,825.52. This represents a 3.82% decrease in their position. 10.37% of the stock is currently owned by corporate insiders.

About Ero Copper