Ero Copper (TSE:ERO) Given New C$56.00 Price Target at National Bankshares

Ero Copper (TSE:ERO) had its price target hoisted by stock analysts at National Bankshares from C$43.00 to C$56.00 in a research report issued on Thursday,BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 8.82% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Cibc World Mkts cut Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Ventum Cap Mkts raised shares of Ero Copper to a “strong-buy” rating in a research note on Monday, November 3rd. Freedom Capital upgraded shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Raymond James Financial boosted their price objective on shares of Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Stifel Nicolaus cut shares of Ero Copper from a “buy” rating to a “hold” rating and increased their target price for the company from C$26.00 to C$37.00 in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Ero Copper currently has an average rating of “Moderate Buy” and a consensus price target of C$40.30.

Ero Copper Stock Performance

Shares of Ero Copper stock traded up C$2.53 during trading hours on Thursday, hitting C$51.46. 614,747 shares of the company were exchanged, compared to its average volume of 538,173. The stock has a market capitalization of C$5.35 billion, a price-to-earnings ratio of 38.69, a P/E/G ratio of -0.72 and a beta of 1.97. The business has a 50-day moving average of C$38.13 and a 200-day moving average of C$29.27. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$53.69.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$246.59 million for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. As a group, analysts expect that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Ero Copper Company Profile