Ero Copper (TSE:ERO) Reaches New 52-Week Low – Time to Sell?

Ero Copper Corp. (TSE:ERO) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$16.11 and last traded at C$16.66, with a volume of 556579 shares. The stock had previously closed at C$16.52.

Wall Street Analyst Weigh In

Several research firms recently commented on ERO. Ventum Financial lowered their target price on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. National Bankshares lowered their price objective on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a research report on Monday, December 2nd. Canaccord Genuity Group lowered their price objective 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 raised Ero Copper from a “hold” rating to a “buy” rating and decreased their target price for the company from C$26.00 to C$23.00 in a research report on Wednesday, February 12th. Three research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$30.38.

Ero Copper Trading Down 0.2 %

The company has a 50 day simple moving average of C$19.42 and a 200 day simple moving average of C$23.20. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17. The stock has a market capitalization of C$1.24 billion, a PE ratio of 77.47, a P/E/G ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling at Ero Copper

In other Ero Copper news, Director Chantal Gosselin bought 10,000 shares of the business’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 company 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.