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

Ero Copper (TSE:ERO) had its price target upped by National Bank Financial from C$50.00 to C$52.50 in a research report report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Scotiabank increased their price objective on shares of Ero Copper from C$50.00 to C$55.00 and gave the company a “sector outperform” rating in a report on Monday, June 15th. BMO Capital Markets boosted their target price on shares of Ero Copper from C$42.00 to C$48.00 in a report on Wednesday, April 22nd. TD dropped their target price on shares of Ero Copper from C$47.00 to C$44.00 and set a “hold” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada raised their target price on shares of Ero Copper from C$52.00 to C$53.00 in a research note on Tuesday, July 21st. Finally, Stifel Nicolaus lifted their price target on shares of Ero Copper from C$52.00 to C$53.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Ero Copper has an average rating of “Moderate Buy” and an average price target of C$47.63.

Ero Copper Price Performance

TSE:ERO opened at C$47.78 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.30 and a debt-to-equity ratio of 54.96. The business’s 50-day simple moving average is C$38.59 and its two-hundred day simple moving average is C$39.68. The stock has a market cap of C$4.98 billion, a PE ratio of 17.06, a P/E/G ratio of -0.72 and a beta of 1.75. Ero Copper has a 52 week low of C$18.57 and a 52 week high of C$53.69.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. The business had revenue of C$403.95 million for the quarter. Ero Copper had a return on equity of 31.19% and a net margin of 31.55%. As a group, analysts forecast that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Insider Activity at Ero Copper

In related news, Director Lyle Braaten sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$41.80, for a total value of C$418,000.00. Following the completion of the transaction, the director directly owned 200,000 shares of the company’s stock, valued at approximately C$8,360,000. This trade represents a 4.76% decrease in their ownership of the stock. Corporate insiders own 10.37% of the company’s stock.

Ero Copper Company Profile

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.