National Bankshares Increases Ero Copper (TSE:ERO) Price Target to C$35.00

Ero Copper (TSE:ERO) had its price objective hoisted by equities researchers at National Bankshares from C$27.00 to C$35.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 10.55% from the company’s previous close.

Several other analysts have also recently issued reports on ERO. Scotiabank upped their price objective on shares of Ero Copper from C$24.00 to C$26.00 in a research note on Monday, June 16th. Stifel Canada raised shares of Ero Copper to a “strong-buy” rating in a research note on Tuesday, July 8th. Raymond James Financial raised shares of Ero Copper to a “moderate buy” rating in a research note on Monday, June 30th. Stifel Nicolaus dropped their price objective on shares of Ero Copper from C$29.00 to C$26.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Finally, Desjardins decreased their target price on shares of Ero Copper from C$25.00 to C$23.00 and set a “hold” rating on the stock in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Ero Copper has a consensus rating of “Moderate Buy” and an average price target of C$27.09.

Ero Copper Stock Down 3.3%

Shares of TSE ERO opened at C$31.66 on Wednesday. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$33.50. The stock has a market cap of C$3.28 billion, a PE ratio of 22.94, a P/E/G ratio of -0.72 and a beta of 1.52. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. The company has a 50-day moving average of C$22.57 and a 200 day moving average of C$20.22.

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.