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

Ero Copper (TSE:ERO) had its target price decreased by National Bankshares from C$23.50 to C$21.50 in a report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. TD Securities cut their price target on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Canaccord Genuity Group dropped their target price on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Raymond James increased their price target on shares of Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. Jefferies Financial Group decreased their target price on shares of Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th. Finally, Scotiabank reduced their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$29.83.

Ero Copper Price Performance

Ero Copper stock opened at C$15.15 on Wednesday. The business has a 50-day simple moving average of C$17.61 and a 200 day simple moving average of C$20.86. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$32.89. The stock has a market cap of C$1.06 billion, a price-to-earnings ratio of 66.28, a PEG ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17.

Ero Copper Company Profile

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.