Pi Financial Trims Ero Copper (TSE:ERO) Target Price to C$19.25

Ero Copper (TSE:ERO) had its price target decreased by investment analysts at Pi Financial from C$19.50 to C$19.25 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Pi Financial’s target price would suggest a potential downside of 4.42% from the stock’s current price.

A number of other research firms have also recently commented on ERO. TD Securities upped their price target on Ero Copper from C$18.50 to C$20.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. BMO Capital Markets reduced their price objective on shares of Ero Copper from C$22.50 to C$21.50 in a research report on Thursday, September 26th. Scotiabank dropped their price objective on shares of Ero Copper from C$25.00 to C$24.00 in a research note on Wednesday. National Bank Financial raised their price objective on shares of Ero Copper from C$19.75 to C$21.00 and gave the stock a “sector perform” rating in a research note on Friday, December 20th. Finally, Canaccord Genuity dropped their price objective on shares of Ero Copper from C$24.50 to C$23.00 in a research note on Monday, November 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$21.58.

ERO traded down C$0.89 on Thursday, reaching C$20.14. 148,396 shares of the stock were exchanged, compared to its average volume of 139,827. The company’s 50-day moving average price is C$21.80 and its 200 day moving average price is C$20.78. Ero Copper has a fifty-two week low of C$10.70 and a fifty-two week high of C$25.69. The company has a debt-to-equity ratio of 110.58, a current ratio of 1.09 and a quick ratio of 0.47. The firm has a market capitalization of $1.85 billion and a PE ratio of 31.47.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.20 by C($0.05). The business had revenue of C$80.57 million during the quarter, compared to the consensus estimate of C$95.76 million. As a group, equities analysts forecast that Ero Copper will post 1.0700001 earnings per share for the current fiscal year.

In other Ero Copper news, Senior Officer Jonathan Nayan Singh sold 2,333 shares of Ero Copper stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$21.50, for a total value of C$50,159.50. Following the completion of the sale, the insider now directly owns 75,000 shares of the company’s stock, valued at approximately C$1,612,500.

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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Analyst Recommendations for Ero Copper (TSE:ERO)

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