Ero Copper (TSE:ERO) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Ero Copper (TSE:EROFree Report) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Several other research analysts also recently commented on the company. Ventum Financial cut their target price on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Scotiabank reduced their price target on shares of Ero Copper from C$37.00 to C$34.00 in a research report on Wednesday, November 6th. Jefferies Financial Group lowered their price objective on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. TD Securities cut their price objective on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Finally, Eight Capital lowered their target price on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$33.67.

Read Our Latest Report on Ero Copper

Ero Copper Stock Performance

TSE:ERO traded up C$0.61 during mid-day trading on Monday, hitting C$21.97. 52,908 shares of the stock were exchanged, compared to its average volume of 299,398. The firm’s 50-day simple moving average is C$25.82 and its 200 day simple moving average is C$27.43. The stock has a market capitalization of C$2.27 billion, a price-to-earnings ratio of -82.15, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68. Ero Copper has a fifty-two week low of C$17.10 and a fifty-two week high of C$32.89.

Insider Activity

In other news, Director Chantal Gosselin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$21.17, for a total value of C$211,700.00. Insiders own 10.37% of the company’s stock.

Ero Copper Company Profile

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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.

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Analyst Recommendations for Ero Copper (TSE:ERO)

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