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

Ero Copper (TSE:ERO - Free Report) had its price objective trimmed by National Bankshares from C$33.00 to C$31.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities analysts have also issued reports about the company. Ventum Cap Mkts upgraded Ero Copper from a hold rating to a strong-buy rating in a research report on Monday, July 22nd. Eight Capital raised their target price on shares of Ero Copper from C$30.00 to C$40.00 in a report on Thursday, July 11th. Jefferies Financial Group upped their price target on shares of Ero Copper from C$32.00 to C$35.00 in a report on Friday, October 4th. CIBC raised shares of Ero Copper from a neutral rating to an outperform rating and raised their price target for the stock from C$32.00 to C$36.00 in a report on Thursday, June 20th. Finally, TD Securities lowered 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 research note on Tuesday, August 6th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$34.04.

Ero Copper Trading Down 5.0 %

Shares of ERO traded down C$1.45 during mid-day trading on Tuesday, reaching C$27.30. The company's stock had a trading volume of 435,848 shares, compared to its average volume of 297,159. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.89. The stock has a market cap of C$2.82 billion, a PE ratio of -104.96, a P/E/G ratio of -0.72 and a beta of 1.98. The company's fifty day moving average price is C$27.81 and its two-hundred day moving average price is C$28.27. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63.

Ero Copper (TSE:ERO - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported C$0.25 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of C$160.22 million for the quarter, compared to analysts' expectations of C$154.50 million. On average, analysts predict that Ero Copper will post 4.7442244 earnings per share 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.