Ero Copper (TSE:ERO) Raised to "Strong-Buy" at National Bank Financial

Ero Copper (TSE:ERO - Get Free Report) was upgraded by stock analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on ERO. Bank of America downgraded Ero Copper from a "buy" rating to a "neutral" rating and dropped their target price for the stock from C$49.00 to C$45.00 in a report on Monday, February 9th. BMO Capital Markets raised their price target on Ero Copper from C$42.00 to C$48.00 in a research report on Wednesday, April 22nd. The Goldman Sachs Group cut Ero Copper from a "buy" rating to a "hold" rating and set a C$31.00 price target on the stock. in a research report on Monday, April 13th. Scotiabank raised their price target on Ero Copper from C$36.00 to C$45.00 in a research report on Thursday, January 8th. Finally, Canadian Imperial Bank of Commerce raised their price target on Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Ero Copper has a consensus rating of "Moderate Buy" and a consensus target price of C$45.00.

Ero Copper Stock Up 5.4%

ERO opened at C$35.14 on Tuesday. Ero Copper has a fifty-two week low of C$17.66 and a fifty-two week high of C$53.69. The company has a debt-to-equity ratio of 67.59, a quick ratio of 1.43 and a current ratio of 1.06. The company has a market capitalization of C$3.66 billion, a P/E ratio of 13.89, a P/E/G ratio of -0.72 and a beta of 1.93. The stock has a fifty day moving average of C$38.79 and a 200-day moving average of C$37.61.

Ero Copper (TSE:ERO - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share for the quarter. Ero Copper had a return on equity of 31.58% and a net margin of 33.50%.The company had revenue of C$430.18 million during the quarter. On average, equities analysts expect that Ero Copper will post 4.7442244 EPS for the current year.

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.

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