National Bank Financial Issues Pessimistic Forecast for Ero Copper (TSE:ERO) Stock Price

Ero Copper (TSE:ERO) had its target price lowered by equities research analysts at National Bank Financial from C$53.50 to C$50.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 23.61% from the company’s current price.

A number of other equities research analysts have also commented on ERO. Bank of America lowered Ero Copper from a “buy” rating to a “neutral” rating and reduced their price target for the company from C$49.00 to C$45.00 in a research report on Monday, February 9th. ATB Cormark Capital Markets upped their target price 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. Raymond James Financial cut Ero Copper from a “buy” rating to a “hold” rating and reduced their target price for the company from C$49.00 to C$45.00 in a report on Monday, February 9th. Canadian Imperial Bank of Commerce boosted their price target on shares of Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. Finally, TD boosted their price target on shares of Ero Copper from C$45.00 to C$47.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ero Copper presently has an average rating of “Moderate Buy” and an average price target of C$43.50.

Ero Copper Trading Down 1.1%

ERO opened at C$40.45 on Wednesday. Ero Copper has a fifty-two week low of C$14.70 and a fifty-two week high of C$53.69. The company has a debt-to-equity ratio of 67.59, a current ratio of 1.06 and a quick ratio of 1.43. The firm has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 15.99, a PEG ratio of -0.72 and a beta of 1.93. The company’s 50 day moving average price is C$39.81 and its two-hundred day moving average price is C$37.01.

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

Insider Transactions at Ero Copper

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total value of C$781,650.00. Following the transaction, the director directly owned 377,832 shares of the company’s stock, valued at approximately C$19,688,825.52. The trade was a 3.82% decrease in their ownership of the stock. Company insiders own 10.37% of the company’s stock.

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.