National Bank Financial Boosts Ero Copper (TSE:ERO) Price Target to C$55.00

Ero Copper (TSE:ERO) had its price target boosted by investment analysts at National Bank Financial from C$52.50 to C$55.00 in a research note issued on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 13.22% from the company’s current price.

A number of other research analysts also recently commented on the company. Stifel Nicolaus upped their price objective on Ero Copper from C$52.00 to C$53.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Jefferies Financial Group reduced their price target on shares of Ero Copper from C$42.00 to C$39.00 in a report on Monday, July 13th. Royal Bank Of Canada upped their price target on shares of Ero Copper from C$52.00 to C$53.00 in a research report on Tuesday, July 21st. TD increased their price objective on shares of Ero Copper from C$44.00 to C$45.00 and gave the stock a “hold” rating in a report on Friday, August 7th. Finally, Freedom Broker downgraded shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$47.80.

Ero Copper Stock Performance

Shares of TSE:ERO traded up C$0.53 during trading on Monday, reaching C$48.58. 180,005 shares of the company’s stock traded hands, compared to its average volume of 494,262. The stock has a market capitalization of C$5.07 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of -0.72 and a beta of 1.87. Ero Copper has a 12 month low of C$23.31 and a 12 month high of C$56.62. The company has a 50 day moving average of C$44.99 and a 200-day moving average of C$40.78. The company has a debt-to-equity ratio of 47.25, a current ratio of 1.37 and a quick ratio of 1.43.

Ero Copper (TSE:ERO) last posted its earnings results on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. The company had revenue of C$403.95 million during the quarter. Ero Copper had a return on equity of 30.09% and a net margin of 29.72%. On average, equities analysts expect that Ero Copper will post 4.7442244 EPS for the current year.

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.