Ero Copper (TSE:ERO) Upgraded 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 research note released on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on ERO. TD Securities increased their price target on shares of Ero Copper from C$33.00 to C$45.00 in a research report on Thursday, January 22nd. Desjardins upped their price objective on shares of Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. TD upped their price objective on shares of Ero Copper from C$45.00 to C$47.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Raymond James Financial lowered shares of Ero Copper from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$49.00 to C$45.00 in a report on Monday, February 9th. Finally, ATB Cormark Capital Markets boosted their price target on Ero Copper from C$37.00 to C$50.00 and gave the company a “moderate buy” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$45.00.

Ero Copper Stock Performance

Shares of ERO stock opened at C$35.14 on Tuesday. The company has a market capitalization of C$3.66 billion, a P/E ratio of 13.89, a PEG ratio of -0.72 and a beta of 1.93. Ero Copper has a fifty-two week low of C$17.66 and a fifty-two week high of C$53.69. The company has a debt-to-equity ratio of 67.59, a quick ratio of 1.43 and a current ratio of 1.06. The stock has a 50 day moving average price of C$38.79 and a two-hundred day moving average price of C$37.61.

Ero Copper (TSE:ERO) last issued its earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share (EPS) for the quarter. Ero Copper had a net margin of 33.50% and a return on equity of 31.58%. The firm had revenue of C$430.18 million for the quarter. Analysts expect that Ero Copper will post 4.7442244 earnings per share for the current year.

About Ero Copper

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.