National Bankshares Lowers Ero Copper (TSE:ERO) Price Target to C$21.50

Ero Copper (TSE:ERO - Free Report) had its price objective decreased by National Bankshares from C$23.50 to C$21.50 in a research note released on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

ERO has been the topic of a number of other reports. Scotiabank cut their target price on Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Raymond James increased their target price on Ero Copper from C$26.00 to C$28.00 in a report on Friday, April 4th. Desjardins raised Ero Copper to a "hold" rating in a research report on Thursday, April 3rd. Canaccord Genuity Group dropped their target price on shares of Ero Copper from C$29.00 to C$25.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, Jefferies Financial Group lowered their price objective on shares of Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$29.83.

Ero Copper Stock Down 0.3 %

Shares of Ero Copper stock traded down C$0.05 during trading hours on Wednesday, hitting C$15.07. 283,975 shares of the company's stock traded hands, compared to its average volume of 375,582. Ero Copper has a twelve month low of C$13.17 and a twelve month high of C$32.89. The company has a market cap of C$1.06 billion, a PE ratio of 65.93, a PEG ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The stock has a 50 day simple moving average of C$17.44 and a 200-day simple moving average of C$20.58.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.