Ero Copper Corp (TSE:ERO) – Equities research analysts at National Bank Financial dropped their FY2019 earnings per share (EPS) estimates for shares of Ero Copper in a research report issued on Sunday, August 11th. National Bank Financial analyst S. Nagle now expects that the company will earn $1.00 per share for the year, down from their prior estimate of $1.07. National Bank Financial currently has a “Sector Perform” rating and a $24.00 target price on the stock. National Bank Financial also issued estimates for Ero Copper’s FY2021 earnings at $1.95 EPS and FY2022 earnings at $1.99 EPS.
Several other equities analysts also recently issued reports on the company. Raymond James set a C$22.00 price objective on Ero Copper and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets boosted their price objective on Ero Copper from C$16.50 to C$17.50 and gave the stock a “market perform” rating in a research report on Friday, June 21st. Cormark boosted their price objective on Ero Copper from C$17.50 to C$20.00 in a research report on Tuesday, July 23rd. Finally, TD Securities boosted their price objective on Ero Copper from C$22.00 to C$24.00 in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$20.64.
Shares of TSE ERO opened at C$20.77 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.63 and a debt-to-equity ratio of 114.95. The stock has a 50 day simple moving average of C$23.28 and a 200-day simple moving average of C$18.36. The company has a market cap of $1.77 billion and a PE ratio of 39.41. Ero Copper has a 12-month low of C$7.62 and a 12-month high of C$25.69.
About Ero Copper
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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