National Bank Financial Cuts Ero Copper (TSE:ERO) Price Target to C$53.50

Ero Copper (TSE:ERO) had its target price trimmed by National Bank Financial from C$56.00 to C$53.50 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities analysts also recently issued research reports about the stock. ATB Cormark Capital Markets increased their price target on shares of Ero Copper from C$37.00 to C$50.00 and gave the stock a “moderate buy” rating in a report on Friday, February 6th. Desjardins increased their price objective on shares of Ero Copper from C$37.50 to C$45.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Ventum Financial raised shares of Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Bank of America lowered shares of Ero Copper from a “buy” rating to a “neutral” rating and lowered their price target for the company from C$49.00 to C$45.00 in a report on Monday, February 9th. Finally, Canadian Imperial Bank of Commerce increased their price target on Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$44.54.

Ero Copper Stock Down 0.8%

Ero Copper stock opened at C$46.66 on Wednesday. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The business’s 50-day simple moving average is C$42.54 and its two-hundred day simple moving average is C$33.01. The company has a market cap of C$4.85 billion, a PE ratio of 35.08, a PEG ratio of -0.72 and a beta of 1.99. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$53.69.

Insider Transactions at Ero Copper

In related news, Director John H. Wright sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the sale, the director owned 377,832 shares in the company, valued at approximately C$19,688,825.52. This trade represents a 3.82% decrease in their ownership of the stock. Company insiders own 10.37% of the company’s stock.

Ero Copper Company Profile

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.