Ero Copper (TSE:ERO) PT Lowered to C$22.50 at National Bank Financial

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Ero Copper (TSE:ERO) had its price objective decreased by National Bank Financial from C$24.00 to C$22.50 in a research report released on Thursday morning, BayStreet.CA reports. National Bank Financial 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.

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

TSE ERO opened at C$21.91 on Thursday. The firm has a 50 day simple moving average of C$21.67 and a 200-day simple moving average of C$19.21. The company has a debt-to-equity ratio of 114.95, a quick ratio of 0.66 and a current ratio of 1.09. Ero Copper has a one year low of C$8.55 and a one year high of C$25.69. The firm has a market cap of $1.87 billion and a price-to-earnings ratio of 41.18.

Ero Copper (TSE:ERO) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.27 by C($0.04). The firm had revenue of C$102.30 million for the quarter, compared to analyst estimates of C$110.88 million. Equities analysts predict that Ero Copper will post 1.0900001 EPS for the current fiscal year.

Ero Copper Company Profile

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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