Ero Copper (TSE:ERO) Price Target Cut to C$28.00 by Analysts at Raymond James

Ero Copper (TSE:ERO) had its target price decreased by research analysts at Raymond James from C$29.00 to C$28.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 44.70% from the stock’s current price. Raymond James also issued estimates for Ero Copper’s Q3 2025 earnings at $1.19 EPS.

A number of other brokerages have also recently commented on ERO. National Bankshares lowered their target price on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. TD Securities upgraded Ero Copper from a “hold” rating to a “buy” rating and decreased their price objective for the company from C$26.00 to C$23.00 in a research note on Wednesday. Scotiabank decreased their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Ventum Financial cut their target price on Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$30.38.

Ero Copper Trading Up 3.9 %

Ero Copper stock traded up C$0.72 during midday trading on Wednesday, reaching C$19.35. 760,043 shares of the stock traded hands, compared to its average volume of 354,345. The company has a 50-day simple moving average of C$19.86 and a two-hundred day simple moving average of C$24.10. Ero Copper has a 12-month low of C$18.16 and a 12-month high of C$32.89. The firm has a market cap of C$2.00 billion, a PE ratio of -74.42, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63.

Insider Activity at Ero Copper

In other news, Director Chantal Gosselin bought 10,000 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. Company insiders own 10.37% of the company’s stock.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.