Ero Copper (TSE:ERO) Price Target Cut to C$23.50 by Analysts at National Bankshares

Ero Copper (TSE:ERO) had its price target decreased by National Bankshares from C$27.00 to C$23.50 in a report published on Wednesday,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday. TD Securities raised shares of Ero Copper from a “hold” rating to a “buy” rating and cut their target price for the stock from C$26.00 to C$23.00 in a research report on Wednesday. The Goldman Sachs Group raised shares of Ero Copper to a “strong-buy” rating in a research report on Monday, December 2nd. Jefferies Financial Group cut their target price on shares of Ero Copper from C$33.00 to C$29.00 in a research report on Tuesday, January 7th. Finally, Ventum Financial cut their target price on shares of Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Ero Copper Price Performance

Shares of ERO opened at C$18.82 on Wednesday. The company has a market capitalization of C$1.94 billion, a P/E ratio of -72.38, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The firm has a 50 day moving average of C$19.86 and a 200 day moving average of C$24.10. Ero Copper has a twelve month low of C$18.16 and a twelve month high of C$32.89.

Insider Transactions at Ero Copper

In other news, Director Chantal Gosselin sold 10,000 shares of Ero Copper stock in a transaction on Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total transaction of C$211,700.00. Corporate insiders own 10.37% of the company’s stock.

About Ero Copper

Ero Copper Corp. engages in the exploration, development, and production of mining projects in Brazil. The company is involved in the production and sale of copper concentrate from the Caraíba operations located in the Curaçá Valley, northeastern Bahia state, Brazil, as well as gold and silver by-products.