Ero Copper (TSE:ERO) Rating Lowered to Sector Perform at National Bankshares

Ero Copper (TSE:ERO - Get Free Report) was downgraded by research analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a research note issued on Wednesday,BayStreet.CA reports. They presently have a C$24.50 price target on the stock. National Bankshares' price objective suggests a potential upside of 25.58% from the stock's current price.

A number of other research analysts have also commented on the company. TD Securities upped their price target on Ero Copper from C$20.00 to C$22.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Jefferies Financial Group cut their price target on Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Raymond James Financial upgraded Ero Copper to a "moderate buy" rating in a research report on Monday, June 30th. National Bank Financial upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group reduced their target price on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$27.85.

Ero Copper Stock Down 9.4%

ERO traded down C$2.03 on Wednesday, reaching C$19.51. 996,322 shares of the company traded hands, compared to its average volume of 355,694. The company has a market cap of C$1.37 billion, a price-to-earnings ratio of 85.35, a PEG ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The stock's 50 day moving average price is C$20.45 and its 200-day moving average price is C$19.05. Ero Copper has a 52-week low of C$13.17 and a 52-week high of C$31.56.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero's operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.