Ero Copper Corp. (TSE:ERO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$32.92.

A number of brokerages have weighed in on ERO. National Bankshares dropped their price target on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. Ventum Financial dropped their target price on shares of Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Eight Capital decreased their price target on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Jefferies Financial Group dropped their price objective on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday. Finally, Canaccord Genuity Group boosted their price objective on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, October 3rd.

Ero Copper Stock Down 1.1 %

Shares of TSE:ERO opened at C$20.28 on Wednesday. The business has a 50-day moving average price of C$21.58 and a 200 day moving average price of C$25.78. Ero Copper has a 12-month low of C$18.38 and a 12-month high of C$32.89. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. The company has a market capitalization of C$2.09 billion, a price-to-earnings ratio of -78.00, a PEG ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling at Ero Copper

In other news, Director Chantal Gosselin acquired 10,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is owned by corporate insiders.

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.