Ero Copper (ERO) PT Raised to C$18.00 at National Bank Financial

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Ero Copper (TSE:ERO) had its price objective boosted by National Bank Financial from C$17.50 to C$18.00 in a report released on Thursday morning, BayStreet.CA reports. National Bank Financial also issued estimates for Ero Copper’s FY2020 earnings at $1.13 EPS.

ERO has been the topic of several other research reports. CIBC reissued a neutral rating and issued a C$17.00 target price on shares of Ero Copper in a report on Wednesday, April 3rd. BMO Capital Markets lowered Ero Copper from an outperform rating to a market perform rating and increased their target price for the company from C$16.00 to C$16.50 in a report on Monday, March 18th. Canaccord Genuity dropped their target price on Ero Copper from C$17.50 to C$16.50 in a report on Tuesday, January 8th. Finally, Raymond James increased their target price on Ero Copper from C$15.00 to C$17.00 in a report on Monday, April 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Ero Copper has an average rating of Buy and a consensus price target of C$15.82.

Ero Copper stock opened at C$17.86 on Thursday. Ero Copper has a twelve month low of C$7.23 and a twelve month high of C$17.89. The company has a debt-to-equity ratio of 146.63, a quick ratio of 0.48 and a current ratio of 0.85. The firm has a market cap of $1.51 billion and a PE ratio of -446.50.

Ero Copper (TSE:ERO) last posted its earnings results on Thursday, March 14th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.23 by C($0.11). The company had revenue of C$112.48 million during the quarter. Analysts predict that Ero Copper will post 1.05999997099346 EPS for the current year.

Ero Copper Company Profile

Ero Copper Corp., a base metals mining company, focuses on the production and sale of copper. 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 was incorporated in 2016 and is headquartered in Vancouver, Canada.

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