Ero Copper (TSE:ERO) Price Target Raised to C$56.00 at National Bankshares

Ero Copper (TSE:ERO) had its target price lifted by National Bankshares from C$43.00 to C$56.00 in a report released on Thursday,BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. CIBC raised their price target on shares of Ero Copper from C$37.00 to C$42.00 in a report on Friday, December 5th. Desjardins increased their price objective on Ero Copper from C$37.50 to C$45.00 and gave the stock a “hold” rating in a research report on Monday. Cibc World Mkts downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. TD Securities upped their price target on Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. Finally, Raymond James Financial increased their price target on Ero Copper from C$33.00 to C$40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$40.30.

Ero Copper Stock Up 4.7%

TSE ERO opened at C$51.21 on Thursday. The business’s fifty day simple moving average is C$38.56 and its 200-day simple moving average is C$29.42. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The firm has a market cap of C$5.32 billion, a PE ratio of 38.50, a P/E/G ratio of -0.72 and a beta of 1.97. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$53.69.

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

About Ero Copper