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

Ero Copper (TSE:ERO) had its target price dropped by equities research analysts at National Bankshares from C$27.00 to C$23.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 17.03% from the stock’s current price.

Several other brokerages have also weighed in on ERO. Ventum Financial lowered their target price on shares of Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Jefferies Financial Group lowered their target price on shares of Ero Copper from C$33.00 to C$29.00 in a research report on Tuesday, January 7th. The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a research report on Monday, December 2nd. Canaccord Genuity Group lowered their target price on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Raymond James lowered 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 analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.38.

Ero Copper Trading Up 6.7 %

Shares of ERO opened at C$20.08 on Wednesday. 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 firm’s 50-day moving average is C$19.81 and its two-hundred day moving average is C$24.05. Ero Copper has a twelve month low of C$18.16 and a twelve month high of C$32.89. The firm has a market capitalization of C$1.41 billion, a P/E ratio of 87.84, a PEG ratio of -0.72 and a beta of 1.98.

Insider Activity at Ero Copper

In related news, Director Chantal Gosselin purchased 10,000 shares of the business’s stock in a transaction on Friday, December 27th. The shares were bought at an average price of C$19.44 per share, with a total value of C$194,400.00. Insiders own 10.37% of the company’s stock.

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.