Ero Copper (TSE:ERO) Given New C$23.50 Price Target at National Bankshares

Ero Copper (TSE:ERO) had its price target reduced by National Bankshares from C$27.00 to C$23.50 in a research report report published on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research firms have also recently weighed in on ERO. TD Securities upgraded shares of Ero Copper from a “hold” rating to a “buy” rating and lowered their target price for the company from C$26.00 to C$23.00 in a research note on Wednesday. Eight Capital decreased their price target on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Raymond James decreased 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 note on Wednesday. Canaccord Genuity Group decreased their price target on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ero Copper has an average rating of “Moderate Buy” and a consensus price target of C$30.38.

Ero Copper Stock Up 1.0 %

ERO opened at C$18.82 on Wednesday. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a fifty-two week low of C$18.16 and a fifty-two week high of C$32.89. The firm’s fifty day moving average is C$19.86 and its 200 day moving average is C$24.10. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of -72.38, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Insider Transactions at Ero Copper

In other news, Director Chantal Gosselin purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of C$19.44 per share, for a total transaction 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.