Ero Copper (TSE:ERO) Given New C$50.00 Price Target at National Bank Financial
by Teresa Graham · The Cerbat GemEro Copper (TSE:ERO – Get Free Report) had its price target decreased by stock analysts at National Bank Financial from C$53.50 to C$50.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 22.85% from the stock’s previous close.
ERO has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price objective on shares of Ero Copper from C$48.00 to C$52.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Jefferies Financial Group cut their target price on Ero Copper from C$45.00 to C$38.00 in a research report on Friday, February 6th. Raymond James Financial downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$49.00 to C$45.00 in a research report on Monday, February 9th. The Goldman Sachs Group lowered shares of Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 price target for the company. in a research note on Monday. Finally, TD Securities increased their price objective on shares of Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$43.50.
Ero Copper Stock Down 1.6%
Shares of ERO traded down C$0.65 during midday trading on Wednesday, reaching C$40.70. 279,682 shares of the company were exchanged, compared to its average volume of 541,447. Ero Copper has a 1-year low of C$14.35 and a 1-year high of C$53.69. The stock has a 50-day moving average price of C$40.02 and a 200-day moving average price of C$36.96. The company has a current ratio of 1.06, a quick ratio of 1.43 and a debt-to-equity ratio of 67.59. The company has a market cap of C$4.24 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of -0.72 and a beta of 1.93.
Ero Copper (TSE:ERO – Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share for the quarter. Ero Copper had a return on equity of 31.58% and a net margin of 33.50%.The firm had revenue of C$430.18 million during the quarter. Research analysts expect that Ero Copper will post 4.7442244 earnings per share for the current year.
Insider Activity at Ero Copper
In related news, Director John H. Wright sold 15,000 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the sale, the director owned 377,832 shares in the company, valued at C$19,688,825.52. This represents a 3.82% decrease in their ownership of the stock. Company insiders own 10.37% of the company’s stock.
About Ero Copper
Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.