Ero Copper (TSE:ERO) Price Target Lowered to C$31.50 at National Bankshares

Ero Copper (TSE:ERO) had its price objective lowered by National Bankshares from C$33.00 to C$31.50 in a report published on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Ventum Cap Mkts raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Jefferies Financial Group increased their price objective on shares of Ero Copper from C$32.00 to C$35.00 in a report on Friday, October 4th. Scotiabank increased their price objective on shares of Ero Copper from C$36.00 to C$37.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. TD Securities dropped their price objective on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating for the company in a report on Tuesday, August 6th. Finally, BMO Capital Markets increased their price objective on shares of Ero Copper from C$41.00 to C$43.00 in a report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$33.96.

Ero Copper Trading Up 1.1 %

Shares of ERO stock opened at C$27.17 on Tuesday. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. The firm has a market capitalization of C$2.80 billion, a PE ratio of -104.50, a PEG ratio of -0.72 and a beta of 1.98. The stock has a fifty day simple moving average of C$27.90 and a two-hundred day simple moving average of C$28.32.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.02. Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. The business had revenue of C$160.22 million during the quarter, compared to analyst estimates of C$154.50 million. On average, analysts predict that Ero Copper will post 4.7442244 EPS for the current fiscal year.

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.