Ero Copper (TSE:ERO) Price Target Cut to C$21.50 by Analysts at National Bankshares

Ero Copper (TSE:ERO) had its price target reduced by National Bankshares from C$23.50 to C$21.50 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

ERO has been the subject of a number of other reports. Raymond James upped their price objective on shares of Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. Desjardins raised Ero Copper to a “hold” rating in a report on Thursday, April 3rd. Canaccord Genuity Group decreased their price target on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Jefferies Financial Group cut their price objective on Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th. Finally, Scotiabank reduced 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 note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.83.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$15.15 on Wednesday. Ero Copper has a 1-year low of C$13.17 and a 1-year 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. The stock has a market cap of C$1.06 billion, a PE ratio of 66.28, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The stock’s fifty day simple moving average is C$17.61 and its two-hundred day simple moving average is C$20.86.

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.