National Bank Financial Boosts Ero Copper (TSE:ERO) Price Target to C$24.00

Ero Copper (TSE:ERO) had its price target raised by National Bank Financial from C$21.50 to C$24.00 in a research note published on Thursday, 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 $1.07 EPS and FY2020 earnings at $0.98 EPS.

ERO has been the topic of several other reports. BMO Capital Markets lifted their price target on shares of Axalta Coating Systems to $34.00 and gave the stock a market perform rating in a report on Friday, June 21st. CIBC lowered shares of TransAlta Renewables from a neutral rating to an underperform rating and lifted their price target for the stock from C$13.00 to C$13.50 in a report on Wednesday, April 3rd. Canaccord Genuity cut their price target on shares of Trevali Mining from C$0.75 to C$0.65 in a report on Monday, April 15th. TD Securities reaffirmed a hold rating and issued a C$22.00 price target on shares of Ero Copper in a report on Thursday, June 27th. Finally, Raymond James set a $29.00 price target on shares of Seacoast Banking Co. of Florida and gave the stock a buy rating in a report on Friday, June 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ero Copper presently has a consensus rating of Hold and an average price target of C$19.32.

Shares of ERO stock opened at C$25.05 on Thursday. The stock has a market capitalization of $1.88 billion and a price-to-earnings ratio of 158.54. The company’s 50 day simple moving average is C$20.91. The company has a current ratio of 0.99, a quick ratio of 0.59 and a debt-to-equity ratio of 133.10. Ero Copper has a 52-week low of C$7.62 and a 52-week high of C$25.69.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.02). The company had revenue of C$95.78 million for the quarter, compared to the consensus estimate of C$94.43 million. On average, analysts anticipate that Ero Copper will post 1.1 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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