Ero Copper (TSE:ERO) Cut to Hold at TD Securities

TD Securities cut shares of Ero Copper (TSE:ERO) from a buy rating to a hold rating in a research report released on Tuesday morning, MarketBeat reports. They currently have C$33.00 target price on the stock, up from their prior target price of C$24.00.

Other research analysts also recently issued reports about the company. BMO Capital Markets lifted their price objective on Ero Copper from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Friday, July 4th. Desjardins cut their price objective on shares of Ero Copper from C$25.00 to C$23.00 and set a “hold” rating for the company in a research report on Tuesday, August 5th. Scotiabank lowered shares of Ero Copper from an “outperform” rating to a “hold” rating and boosted their price objective for the company from C$26.50 to C$32.00 in a research report on Tuesday, October 14th. Cibc World Mkts lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Finally, Stifel Nicolaus cut their price objective on shares of Ero Copper from C$29.00 to C$26.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Ero Copper presently has an average rating of “Hold” and a consensus price target of C$31.92.

Ero Copper Trading Up 0.2%

Shares of Ero Copper stock opened at C$28.74 on Tuesday. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$34.41. The company has a market capitalization of C$2.98 billion, a P/E ratio of 20.83, a P/E/G ratio of -0.72 and a beta of 1.52. The business has a 50 day moving average price of C$24.95 and a 200 day moving average price of C$21.16.

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.