Ero Copper (TSE:ERO) PT Raised to C$33.50 at National Bankshares

Ero Copper (TSE:ERO - Free Report) had its price objective hoisted by National Bankshares from C$32.25 to C$33.50 in a report published on Thursday, BayStreet.CA reports.

Several other brokerages have also issued reports on ERO. BMO Capital Markets boosted their price target on shares of Ero Copper from C$23.00 to C$23.50 and gave the company a market perform rating in a report on Friday, March 8th. Canaccord Genuity Group increased their price target on shares of Ero Copper from C$26.00 to C$34.00 in a research report on Wednesday, April 17th. Raymond James raised their price target on shares of Ero Copper from C$26.00 to C$30.00 in a research note on Tuesday, April 23rd. Scotiabank upped their price objective on Ero Copper from C$30.00 to C$32.00 in a research note on Thursday. Finally, Cormark raised their target price on Ero Copper from C$23.50 to C$26.50 in a research report on Monday, March 11th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of C$28.62.

Ero Copper Trading Up 1.8 %

Shares of ERO stock traded up C$0.52 during trading hours on Thursday, reaching C$29.84. 437,210 shares of the stock traded hands, compared to its average volume of 314,478. The firm has a market capitalization of C$3.07 billion, a PE ratio of 22.27, a PEG ratio of -0.72 and a beta of 2.14. The company has a quick ratio of 1.43, a current ratio of 1.15 and a debt-to-equity ratio of 55.09. The business has a fifty day moving average price of C$26.61 and a 200 day moving average price of C$22.15. Ero Copper has a 1-year low of C$15.72 and a 1-year high of C$32.12.

Ero Copper (TSE:ERO - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported C$0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.31 by C($0.02). Ero Copper had a net margin of 21.71% and a return on equity of 13.96%. The business had revenue of C$158.50 million during the quarter, compared to analyst estimates of C$143.80 million. On average, equities research analysts forecast that Ero Copper will post 2.0391588 EPS for the current year.

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.