Ero Copper (TSE:ERO) Stock Rating Upgraded by National Bank Financial

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

Several other research firms also recently commented on ERO. Desjardins upgraded shares of Ero Copper to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group lowered their price target on shares of Ero Copper from C$25.00 to C$22.00 in a report on Friday, April 4th. TD Securities upped their target price on Ero Copper from C$20.00 to C$22.00 and gave the company a "buy" rating in a research report on Wednesday. National Bankshares raised shares of Ero Copper from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$21.50 to C$23.00 in a research report on Wednesday. Finally, BMO Capital Markets upgraded shares of Ero Copper to a "strong-buy" rating in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$30.04.

Ero Copper Stock Up 0.3 %

ERO traded up C$0.05 during trading on Tuesday, reaching C$18.66. 197,260 shares of the stock were exchanged, compared to its average volume of 370,231. The stock has a market cap of C$1.31 billion, a P/E ratio of 81.63, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The stock's 50 day moving average price is C$17.09 and its two-hundred day moving average price is C$19.59. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$32.89.

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.