Raymond James Has Lowered Expectations for Ero Copper (TSE:ERO) Stock Price

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

A number of other research firms also recently weighed in on ERO. The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Eight Capital cut their price target on shares of Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Jefferies Financial Group cut their price target on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. Ventum Financial cut their price target on shares of Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Finally, Scotiabank lowered their price objective on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$30.38.

Ero Copper Price Performance

TSE ERO traded up C$0.72 on Wednesday, reaching C$19.35. The company had a trading volume of 760,043 shares, compared to its average volume of 354,345. The firm’s 50 day moving average price is C$19.86 and its 200 day moving average price is C$24.10. Ero Copper has a 12 month low of C$18.16 and a 12 month high of C$32.89. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The stock has a market capitalization 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.

Insider Activity

In other news, Director Chantal Gosselin bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price of C$19.44 per share, for a total transaction of C$194,400.00. Corporate 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.