Ero Copper (TSE:ERO) Rating Increased to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Ero Copper (TSE:ERO) from a hold rating to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

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

Ero Copper Trading Down 4.8 %

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

About Ero Copper

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.