Ero Copper (TSE:ERO) Price Target Lowered to C$22.50 at National Bank Financial

Ero Copper (TSE:ERO) had its target price reduced by National Bank Financial from C$24.00 to C$22.50 in a research report released on Thursday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Ero Copper’s FY2019 earnings at $0.96 EPS.

Several other research analysts also recently issued reports on ERO. TD Securities lifted their price target on Ero Copper from C$22.00 to C$24.00 in a research note on Monday, July 22nd. BMO Capital Markets lifted their price target on Ero Copper from C$16.50 to C$17.50 and gave the stock a market perform rating in a research note on Friday, June 21st. Raymond James set a C$22.00 price target on Ero Copper and gave the stock an outperform rating in a research note on Monday, August 12th. Cormark lifted their price target on Ero Copper from C$17.50 to C$20.00 in a research note on Tuesday, July 23rd. Finally, CIBC cut their price target on Ero Copper from C$25.00 to C$23.00 in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Ero Copper presently has a consensus rating of Hold and an average target price of C$21.29.

Shares of TSE ERO traded down C$0.07 during trading on Thursday, hitting C$21.78. 102,845 shares of the company were exchanged, compared to its average volume of 238,988. The company has a market cap of $1.80 billion and a price-to-earnings ratio of 41.13. Ero Copper has a 1 year low of C$8.55 and a 1 year high of C$25.69. The firm’s fifty day moving average price is C$21.73 and its 200 day moving average price is C$19.18. The company has a debt-to-equity ratio of 114.95, a current ratio of 1.09 and a quick ratio of 0.66.

Ero Copper (TSE:ERO) last issued its earnings results on Thursday, August 8th. The company reported C$0.23 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.04). The business had revenue of C$102.30 million for the quarter, compared to the consensus estimate of C$110.88 million. On average, research analysts forecast that Ero Copper will post 1.0900001 earnings per share for the current year.

Ero Copper Company Profile

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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