Ero Copper (TSE:ERO) Stock Rating Upgraded by National Bank Financial

Ero Copper (TSE:ERO) was upgraded by stock analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

ERO has been the topic of several other reports. Jefferies Financial Group dropped their target price on Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. BMO Capital Markets upgraded Ero Copper to a “strong-buy” rating in a research note on Wednesday, April 16th. TD Securities raised their target price on shares of Ero Copper from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Wednesday. Scotiabank dropped their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group decreased their price objective on shares of Ero Copper from C$26.50 to C$26.00 and set a “buy” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$30.04.

Ero Copper Stock Performance

Shares of TSE ERO opened at C$18.52 on Tuesday. The company has a market cap of C$1.30 billion, a PE ratio of 81.02, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$32.89. The company has a 50-day simple moving average of C$17.01 and a 200-day simple moving average of C$19.65.

Ero Copper Company Profile

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.