Ero Copper (TSE:ERO) Price Target Cut to C$53.50 by Analysts at National Bank Financial

Ero Copper (TSE:ERO) had its target price cut by equities research analysts at National Bank Financial from C$56.00 to C$53.50 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 12.87% from the company’s current price.

Several other equities analysts have also issued reports on ERO. Desjardins boosted their price target on Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Scotiabank raised their price target on shares of Ero Copper from C$36.00 to C$45.00 in a report on Thursday, January 8th. Ventum Financial raised shares of Ero Copper to a “strong-buy” rating in a research note on Monday, November 3rd. Canadian Imperial Bank of Commerce increased their price objective on shares of Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. Finally, Bank of America downgraded Ero Copper from a “buy” rating to a “neutral” rating and decreased their price objective for the company from C$49.00 to C$45.00 in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Ero Copper currently has a consensus rating of “Moderate Buy” and an average price target of C$44.54.

Ero Copper Trading Up 3.3%

Ero Copper stock traded up C$1.50 during mid-day trading on Wednesday, hitting C$47.40. 252,443 shares of the stock were exchanged, compared to its average volume of 620,602. The firm’s fifty day simple moving average is C$41.84 and its two-hundred day simple moving average is C$32.62. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$53.69. The stock has a market capitalization of C$4.92 billion, a price-to-earnings ratio of 35.64, a PEG ratio of -0.72 and a beta of 1.99.

Insider Buying and Selling at Ero Copper

In related news, Director John H. Wright sold 15,000 shares of the firm’s 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 completion of the sale, the director owned 377,832 shares in the company, valued at approximately C$19,688,825.52. This trade represents a 3.82% decrease in their ownership of the stock. Company insiders own 10.37% of the company’s stock.

Ero Copper Company Profile