Ero Copper (TSE:ERO) Sets New 1-Year Low – Time to Sell?

Ero Copper Corp. (TSE:ERO) reached a new 52-week low on Friday . The stock traded as low as C$18.14 and last traded at C$18.14, with a volume of 334329 shares traded. The stock had previously closed at C$19.26.

Wall Street Analyst Weigh In

Several research firms have weighed in on ERO. Jefferies Financial Group dropped their price objective on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. Eight Capital dropped their price objective on Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Raymond James dropped their price objective on Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. TD Securities raised Ero Copper from a “hold” rating to a “buy” rating and decreased their target price for the stock from C$26.00 to C$23.00 in a research report on Wednesday, February 12th. Finally, Ventum Financial decreased their target price on Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$30.38.

Ero Copper Trading Down 5.6 %

The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The company has a market cap of C$1.27 billion, a P/E ratio of 79.53, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The stock has a 50-day moving average of C$19.73 and a two-hundred day moving average of C$23.78.

Insider Activity at Ero Copper

In other Ero Copper news, Director Chantal Gosselin bought 10,000 shares of Ero Copper stock in a transaction on Friday, December 27th. The stock was acquired at an average price 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.