Brokerages Set Ero Copper Corp. (TSE:ERO) Price Target at C$30.38

Shares of Ero Copper Corp. (TSE:ERO) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. Three 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. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$30.38.

Several brokerages recently weighed in on ERO. Ventum Financial cut their price target on shares of Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. TD Securities upgraded Ero Copper from a “hold” rating to a “buy” rating and cut their price target for the company from C$26.00 to C$23.00 in a research note 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 for the company in a research report on Wednesday, February 12th. Eight Capital decreased their target price on Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group dropped their price objective on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

Ero Copper Price Performance

TSE ERO opened at C$16.52 on Thursday. Ero Copper has a 1 year low of C$16.49 and a 1 year high of C$32.89. The company has a market cap of C$1.16 billion, a price-to-earnings ratio of 72.27, a PEG ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The stock’s fifty day moving average price is C$19.55 and its 200 day moving average price is C$23.36.

Insider Buying and Selling

In other Ero Copper news, Director Chantal Gosselin acquired 10,000 shares of the stock in a transaction dated 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 currently 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.