Ero Copper (TSE:ERO) PT Lowered to C$32.50

Ero Copper (TSE:EROFree Report) had its target price reduced by National Bankshares from C$33.50 to C$32.50 in a research note released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

ERO has been the topic of a number of other reports. Ventum Cap Mkts downgraded shares of Ero Copper from a strong-buy rating to a hold rating in a research note on Tuesday, May 28th. Ventum Financial lowered Ero Copper from a buy rating to a neutral rating and boosted their price objective for the company from C$31.50 to C$33.00 in a report on Tuesday, May 28th. CIBC upped their price objective on Ero Copper from C$28.50 to C$32.00 and gave the company a neutral rating in a research note on Wednesday, May 8th. Canaccord Genuity Group boosted their price target on Ero Copper from C$34.00 to C$36.00 and gave the company a buy rating in a report on Monday, May 13th. Finally, TD Securities upped their price target on Ero Copper from C$24.00 to C$25.00 and gave the company a hold rating in a research report on Friday, March 8th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of C$31.54.

Check Out Our Latest Stock Report on ERO

Ero Copper Price Performance

Shares of ERO stock opened at C$28.35 on Monday. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.89. The company has a market capitalization of C$2.92 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of -0.72 and a beta of 2.12. The company has a current ratio of 0.82, a quick ratio of 1.43 and a debt-to-equity ratio of 62.41. The firm has a fifty day simple moving average of C$28.83 and a 200-day simple moving average of C$24.24.

Ero Copper (TSE:EROGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.15. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. The company had revenue of C$142.63 million for the quarter, compared to analyst estimates of C$141.98 million. Equities research analysts anticipate that Ero Copper will post 2.2548878 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ero Copper news, Director Lyle Braaten sold 5,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of C$29.45, for a total value of C$147,232.50. Corporate insiders own 10.93% of the company’s stock.

About Ero Copper

(Get Free Report)

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.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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