Brokerages Set Ero Copper Corp. (TSE:ERO) Target Price at C$30.58

Ero Copper Corp. (TSE:ERO) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$30.58.

Several equities analysts have recently weighed in on ERO shares. Scotiabank lowered their price objective on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Jefferies Financial Group decreased their price target on shares of Ero Copper from C$33.00 to C$29.00 in a research report on Tuesday, January 7th. Raymond James cut their price objective on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Canaccord Genuity Group reduced their price target on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, TD Securities lowered their price objective on Ero Copper from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research report on Monday, March 10th.

Ero Copper Stock Down 4.5 %

ERO stock opened at C$19.08 on Monday. The company has a market cap of C$1.34 billion, a price-to-earnings ratio of 83.47, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The business’s 50-day moving average is C$19.06 and its two-hundred day moving average is C$22.29. Ero Copper has a fifty-two week low of C$16.11 and a fifty-two week high of C$32.89.

Insider Buying and Selling at Ero Copper

In related news, Director Chantal Gosselin acquired 10,000 shares of the company’s stock in a transaction on Friday, December 27th. The stock was acquired at an average price of C$19.44 per share, with a total value of C$194,400.00. 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.