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

Ero Copper Corp. (TSE:ERO) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$32.92.

Several research firms recently issued reports on ERO. Eight Capital decreased their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. Ventum Financial reduced their price target on shares of Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Scotiabank reduced their price target on shares of Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. National Bankshares reduced their price target on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group lifted their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd.

Insider Buying and Selling

In related news, Director Chantal Gosselin purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of C$19.44 per share, for a total transaction of C$194,400.00. Insiders own 10.37% of the company’s stock.

Ero Copper Price Performance

ERO opened at C$20.02 on Wednesday. The company’s 50 day simple moving average is C$20.92 and its 200 day simple moving average is C$25.48. 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 1 year low of C$18.38 and a 1 year high of C$32.89. The stock has a market capitalization of C$2.07 billion, a PE ratio of -77.00, a P/E/G ratio of -0.72 and a beta of 1.98.

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.