Jefferies Financial Group Cuts Ero Copper (TSE:ERO) Price Target to C$42.00

Posted by George Bondi on Jul 6th, 2026

Ero Copper (TSE:ERO – Get Free Report) had its price target dropped by investment analysts at Jefferies Financial Group from C$49.00 to C$42.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential upside of 12.48% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. The Goldman Sachs Group cut Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 target price for the company. in a research report on Monday, April 13th. National Bank Financial raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating and set a C$50.00 target price for the company in a research note on Tuesday, May 5th. TD upped their price objective on Ero Copper from C$45.00 to C$47.00 and gave the company a “hold” rating in a research note on Friday, April 10th. BMO Capital Markets raised their target price on shares of Ero Copper from C$42.00 to C$48.00 in a research report on Wednesday, April 22nd. Finally, Scotiabank raised their target price on shares of Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a report on Monday, June 15th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Ero Copper has an average rating of “Moderate Buy” and an average price target of C$46.00.

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Ero Copper Price Performance

ERO traded down C$0.72 during trading on Monday, hitting C$37.34. 90,063 shares of the stock traded hands, compared to its average volume of 522,492. The business has a 50 day moving average price of C$39.04 and a 200 day moving average price of C$39.97. Ero Copper has a twelve month low of C$17.66 and a twelve month high of C$53.69. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.30 and a quick ratio of 1.43. The company has a market cap of C$3.89 billion, a price-to-earnings ratio of 13.34, a PEG ratio of -0.72 and a beta of 1.78.

Insider Transactions at Ero Copper

In related news, Director Lyle Braaten sold 10,000 shares of Ero Copper stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$41.80, for a total value of C$418,000.00. Following the sale, the director directly owned 200,000 shares in the company, valued at C$8,360,000. The trade was a 4.76% decrease in their ownership of the stock. Corporate insiders own 10.37% of the company’s stock.

Ero Copper Company Profile

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Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.