Ero Copper (TSE:ERO – Get Rating) had its target price raised by equities research analysts at National Bankshares from C$20.00 to C$21.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential downside of 2.19% from the company’s current price.
Several other research firms also recently issued reports on ERO. Stifel Nicolaus cut their price objective on shares of Ero Copper from C$27.00 to C$25.00 in a report on Wednesday, November 9th. Barclays raised their price target on shares of Ero Copper from C$18.00 to C$19.00 in a report on Wednesday, November 9th. Cormark boosted their price objective on shares of Ero Copper from C$21.50 to C$22.50 in a report on Thursday, November 10th. Raymond James upped their target price on Ero Copper from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research report on Wednesday, November 9th. Finally, TD Securities lifted their price target on Ero Copper from C$19.50 to C$22.00 and gave the stock a “hold” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$20.83.
Ero Copper Price Performance
Shares of ERO opened at C$21.47 on Thursday. The company has a 50 day moving average of C$18.35 and a two-hundred day moving average of C$15.37. The company has a market cap of C$1.96 billion and a price-to-earnings ratio of 9.89. The company has a quick ratio of 1.43, a current ratio of 1.70 and a debt-to-equity ratio of 16.78. Ero Copper has a twelve month low of C$10.54 and a twelve month high of C$21.90.
About Ero Copper
Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the CuraÃ§Ã¡ Valley, northeastern Bahia state, as well as gold and silver byproducts.
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