Ero Copper Corp. (TSE:ERO) Receives C$30.38 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 firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$30.38.

ERO has been the subject of several research reports. The Goldman Sachs Group raised Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group reduced their target price on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Scotiabank cut their price objective on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. National Bankshares reduced their price objective on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating on the stock in a research note on Wednesday, February 12th. Finally, Eight Capital decreased their target price on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th.

Insider Activity at Ero Copper

In related news, Director Chantal Gosselin bought 10,000 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is currently owned by company insiders.

Ero Copper Price Performance

Ero Copper stock opened at C$17.74 on Thursday. The business’s fifty day moving average is C$19.46 and its two-hundred day moving average is C$23.25. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a 52 week low of C$16.11 and a 52 week high of C$32.89. The firm has a market cap of C$1.24 billion, a P/E ratio of 77.61, a P/E/G ratio of -0.72 and a beta of 1.98.

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.