Ero Copper (TSE:ERO) Downgraded to "Sector Perform" Rating by National Bankshares

Ero Copper (TSE:ERO - Get Free Report) was downgraded by analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a note issued to investors on Wednesday,BayStreet.CA reports. They presently have a C$24.50 target price on the stock. National Bankshares' target price points to a potential upside of 18.64% from the company's current price.

Several other research firms also recently issued reports on ERO. Canaccord Genuity Group cut their price objective on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. National Bank Financial upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Scotiabank boosted their price objective on Ero Copper from C$24.00 to C$26.00 in a report on Monday, June 16th. Jefferies Financial Group cut their price objective on Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. Finally, BMO Capital Markets upped their target price on Ero Copper from C$24.00 to C$27.00 and gave the company an "outperform" rating in a report on Friday, July 4th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$27.85.

Ero Copper Trading Up 2.5%

TSE ERO traded up C$0.51 on Wednesday, hitting C$20.65. 618,724 shares of the company were exchanged, compared to its average volume of 360,567. The company's 50 day moving average price is C$20.56 and its 200-day moving average price is C$19.07. 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 firm has a market capitalization of C$1.45 billion, a P/E ratio of 90.34, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. Ero Copper has a twelve month low of C$13.17 and a twelve month 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.