National Bankshares Downgrades Ero Copper (TSE:ERO) to Sector Perform

Ero Copper (TSE:ERO - Get Free Report) was downgraded by equities 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' target price would indicate a potential upside of 18.64% from the company's previous close.

ERO has been the subject of a number of other reports. BMO Capital Markets upped their target price on Ero Copper from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Friday, July 4th. Jefferies Financial Group dropped their price objective on Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. Raymond James Financial raised Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. TD Securities boosted their price target on shares of Ero Copper from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, National Bank Financial raised shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$27.85.

Ero Copper Price Performance

ERO stock traded up C$0.51 during trading on Wednesday, hitting C$20.65. The company had a trading volume of 618,724 shares, compared to its average volume of 360,567. The business has a 50 day moving average of C$20.56 and a 200 day moving average of C$19.07. The firm has a market capitalization of C$1.45 billion, a price-to-earnings ratio of 90.34, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two 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.