Ero Copper (TSE:ERO) Given New C$31.50 Price Target at National Bankshares

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

A number of other equities analysts have also weighed in on the stock. Scotiabank boosted their price objective on shares of Ero Copper from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. CIBC upgraded shares of Ero Copper from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$32.00 to C$36.00 in a report on Thursday, June 20th. Ventum Cap Mkts upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Eight Capital boosted their price objective on shares of Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Finally, Jefferies Financial Group boosted their price objective on shares of Ero Copper from C$32.00 to C$35.00 in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$33.96.

Ero Copper Price Performance

ERO stock opened at C$27.17 on Tuesday. The firm has a 50 day moving average price of C$27.90 and a 200-day moving average price of C$28.32. Ero Copper has a 52-week low of C$15.72 and a 52-week high of C$32.89. The firm has a market capitalization of C$2.80 billion, a price-to-earnings ratio of -104.50, a PEG ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper (TSE:ERO) last released its earnings results on Thursday, August 1st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.23 by C$0.02. Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. The firm had revenue of C$160.22 million during the quarter, compared to analyst estimates of C$154.50 million. Equities research analysts forecast 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.