Brokerages Set Ero Copper Corp. (TSE:ERO) Target Price at C$33.96

Ero Copper Corp. (TSE:ERO) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$33.67.

ERO has been the topic of a number of research analyst reports. Scotiabank dropped their price target on Ero Copper from C$37.00 to C$34.00 in a research note on Wednesday, November 6th. National Bankshares decreased their target price on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Eight Capital decreased their target price on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Finally, TD Securities decreased their target price on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a report on Thursday, November 7th.

Ero Copper Price Performance

ERO opened at C$21.79 on Tuesday. Ero Copper has a 1 year low of C$16.28 and a 1 year high of C$32.89. The firm has a market capitalization of C$2.25 billion, a PE ratio of -83.81, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The business’s 50-day moving average is C$26.65 and its two-hundred day moving average is C$27.75.

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.