Ero Copper (TSE:ERO) Given New C$33.00 Price Target at National Bankshares

Ero Copper (TSE:ERO) had its target price lifted by investment analysts at National Bankshares from C$32.50 to C$33.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 8.41% from the stock’s current price.

ERO has been the subject of a number of other research reports. Jefferies Financial Group boosted their target price on shares of Ero Copper from C$29.00 to C$32.00 in a research note on Friday. Ventum Financial cut shares of Ero Copper from a “buy” rating to a “neutral” rating and boosted their target price for the stock from C$31.50 to C$33.00 in a research note on Tuesday, May 28th. Scotiabank raised shares of Ero Copper from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$32.00 to C$40.00 in a research note on Thursday, May 30th. BMO Capital Markets raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$37.00 to C$41.00 in a research note on Wednesday, June 26th. Finally, Cormark upped their price objective on shares of Ero Copper from C$30.00 to C$32.50 in a research note on Friday, May 10th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$33.19.

Ero Copper Price Performance

Shares of Ero Copper stock traded down C$0.74 during trading hours on Monday, reaching C$30.44. The stock had a trading volume of 126,503 shares, compared to its average volume of 305,657. The stock’s 50 day moving average is C$29.52 and its 200 day moving average is C$25.78. The firm has a market capitalization of C$3.14 billion, a PE ratio of 34.26, a PEG ratio of -0.72 and a beta of 2.12. Ero Copper has a twelve month low of C$15.72 and a twelve month high of C$32.89. The company has a current ratio of 0.82, a quick ratio of 1.43 and a debt-to-equity ratio of 62.41.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.22 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.15. The business had revenue of C$142.63 million during the quarter, compared to the consensus estimate of C$141.98 million. Ero Copper had a net margin of 14.23% and a return on equity of 9.21%. Equities analysts expect that Ero Copper will post 2.2548878 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lyle Braaten sold 1,208 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$29.69, for a total value of C$35,865.52. In the last three months, insiders have sold 16,208 shares of company stock worth $464,151. 10.93% of the stock is currently owned by corporate insiders.

About Ero Copper

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.