Ero Copper Corp. (TSE:ERO) Receives C$44.54 Consensus Price Target from Brokerages

Shares of Ero Copper Corp. (TSE:ERO) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$44.54.

ERO has been the subject of several recent analyst reports. Scotiabank raised their price objective on shares of Ero Copper from C$36.00 to C$45.00 in a report on Thursday, January 8th. Desjardins boosted their target price on Ero Copper from C$37.50 to C$45.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce increased their price target on Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. Bank of America cut Ero Copper from a “buy” rating to a “neutral” rating and dropped their price target for the company from C$49.00 to C$45.00 in a report on Monday, February 9th. Finally, Freedom Capital upgraded Ero Copper to a “strong-buy” rating in a research report on Tuesday, December 30th.

Insider Activity

In related news, Director John H. Wright sold 15,000 shares of Ero Copper stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total value of C$781,650.00. Following the completion of the transaction, the director directly owned 377,832 shares of the company’s stock, valued at C$19,688,825.52. The trade was a 3.82% decrease in their ownership of the stock. 10.37% of the stock is owned by corporate insiders.

Ero Copper Trading Down 0.3%

Shares of Ero Copper stock opened at C$38.02 on Monday. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$53.69. The stock has a market capitalization of C$3.95 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of -0.72 and a beta of 1.66. The company has a 50-day simple moving average of C$42.93 and a 200 day simple moving average of C$34.29. The company has a quick ratio of 1.43, a current ratio of 1.06 and a debt-to-equity ratio of 67.59.

Ero Copper Company Profile

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.