National Bankshares Forecasts Strong Price Appreciation for Ero Copper (TSE:ERO) Stock

Ero Copper (TSE:EROGet Free Report) had its price target hoisted by equities research analysts at National Bankshares from C$43.00 to C$56.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 22.59% from the stock’s current price.

Several other brokerages have also issued reports on ERO. Freedom Capital raised Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th. Desjardins upped their price objective on shares of 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. Ventum Cap Mkts raised shares of Ero Copper to a “strong-buy” rating in a report on Monday, November 3rd. Jefferies Financial Group cut shares of Ero Copper from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$37.00 to C$40.00 in a research report on Monday, December 8th. Finally, Cibc World Mkts lowered shares of Ero Copper from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Ero Copper currently has a consensus rating of “Moderate Buy” and an average target price of C$40.30.

View Our Latest Analysis on Ero Copper

Ero Copper Stock Down 10.8%

Shares of TSE:ERO opened at C$45.68 on Thursday. The firm has a market capitalization of C$4.75 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a 52-week low of C$13.17 and a 52-week high of C$53.69. The firm has a fifty day moving average of C$38.87 and a 200 day moving average of C$29.60.

Ero Copper (TSE:EROGet Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$246.59 million during the quarter. Ero Copper had a return on equity of 2.24% and a net margin of 3.45%. As a group, research analysts anticipate that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Ero Copper Company Profile

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