National Bankshares Issues Pessimistic Forecast for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its target price dropped by equities research analysts at National Bankshares from C$23.50 to C$21.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 43.14% from the stock’s current price.

ERO has been the subject of a number of other research reports. Raymond James lifted their price objective on Ero Copper from C$26.00 to C$28.00 in a research note on Friday, April 4th. Scotiabank lowered their price objective on 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. TD Securities decreased their target price on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Jefferies Financial Group cut their price objective on shares of Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Finally, Desjardins upgraded Ero Copper to a “hold” rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$29.83.

Ero Copper Stock Performance

Shares of ERO stock traded up C$0.37 during trading hours on Wednesday, hitting C$15.02. The company’s stock had a trading volume of 293,326 shares, compared to its average volume of 375,897. 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 company has a 50 day moving average of C$17.69 and a 200 day moving average of C$20.90. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$32.89. The stock has a market cap of C$1.05 billion, a PE ratio of 65.71, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

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.