Ero Copper (TSE:ERO) PT Lowered to C$22.50

Ero Copper (TSE:ERO) had its price objective trimmed by National Bank Financial from C$24.00 to C$22.50 in a research note released on Thursday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Ero Copper’s FY2019 earnings at $0.96 EPS.

ERO has been the topic of several other reports. Cormark upped their price target on Ero Copper from C$17.50 to C$20.00 in a research report on Tuesday, July 23rd. BMO Capital Markets increased their target price on Ero Copper from C$16.50 to C$17.50 and gave the stock a market perform rating in a research report on Friday, June 21st. TD Securities increased their target price on Ero Copper from C$22.00 to C$24.00 in a research report on Monday, July 22nd. Raymond James set a C$22.00 target price on Ero Copper and gave the stock an outperform rating in a research report on Monday, August 12th. Finally, CIBC dropped their target price on Ero Copper from C$25.00 to C$23.00 in a research report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of C$21.29.

Shares of ERO stock traded down C$0.07 on Thursday, hitting C$21.78. 102,845 shares of the stock traded hands, compared to its average volume of 238,988. The company has a debt-to-equity ratio of 114.95, a current ratio of 1.09 and a quick ratio of 0.66. The company has a market capitalization of $1.80 billion and a PE ratio of 41.13. Ero Copper has a 1-year low of C$8.55 and a 1-year high of C$25.69. The company’s fifty day moving average is C$21.73 and its 200 day moving average is C$19.18.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.27 by C($0.04). The company had revenue of C$102.30 million during the quarter, compared to analyst estimates of C$110.88 million. As a group, equities research analysts expect that Ero Copper will post 1.0900001 EPS for the current year.

About Ero Copper

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper in Brazil. The company also explores for gold and silver ores. Its principal property is the Vale do Curaçá Property located in the northeastern Bahia State, Brazil. The company also holds interests in the Boa Esperança Property located in the municipality of Tucumã, Pará State; and NX Gold Mine, which is located in the eastern portion of the State of Mato Grosso.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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