Ero Copper (TSE:ERO) Price Target Lowered to C$23.50 at National Bankshares

Ero Copper (TSE:ERO - Free Report) had its target price reduced by National Bankshares from C$27.00 to C$23.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other equities research analysts also recently commented on ERO. Scotiabank cut their price objective on Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating for the company in a research report on Wednesday. Ventum Financial cut their target price on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Canaccord Genuity Group dropped their target price on shares of Ero Copper from C$29.00 to C$25.00 and set a "buy" rating for the company in a research report on Wednesday. TD Securities raised shares of Ero Copper from a "hold" rating to a "buy" rating and reduced their target price for the stock from C$26.00 to C$23.00 in a research note on Wednesday. Finally, Raymond James cut their price target on shares of Ero Copper from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Ero Copper currently has an average rating of "Moderate Buy" and a consensus price target of C$30.38.

Ero Copper Stock Up 2.1 %

Ero Copper stock traded up C$0.42 during midday trading on Wednesday, hitting C$20.50. The stock had a trading volume of 409,546 shares, compared to its average volume of 366,800. The stock has a market cap of C$1.44 billion, a P/E ratio of 89.68, a P/E/G ratio of -0.72 and a beta of 1.98. The business has a fifty day moving average price of C$19.79 and a 200 day moving average price of C$23.94. Ero Copper has a 12 month low of C$18.16 and a 12 month high of C$32.89. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

Insider Buying and Selling

In other news, Director Chantal Gosselin purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is currently owned by 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.