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

Shares of Ero Copper Corp. (TSE:ERO) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$33.33.

ERO has been the subject of several research analyst reports. Raymond James upgraded shares of Ero Copper from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd. Ventum Financial reduced their target price on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Scotiabank decreased their target price on Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. National Bankshares reduced their price objective on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. Finally, Eight Capital decreased their price objective on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th.

Ero Copper Stock Performance

Shares of ERO opened at C$18.52 on Friday. The firm’s fifty day simple moving average is C$23.69 and its two-hundred day simple moving average is C$26.60. Ero Copper has a 12 month low of C$18.50 and a 12 month high of C$32.89. The stock has a market capitalization of C$1.91 billion, a P/E ratio of -71.23, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63.

Insider Buying and Selling

In other news, Director Chantal Gosselin sold 10,000 shares of Ero Copper stock in a transaction on Thursday, November 28th. The stock was sold at an average price of C$21.17, for a total transaction of C$211,700.00. 10.37% of the stock is owned by corporate insiders.

Ero Copper Company Profile

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.