Ero Copper Corp. (TSE:ERO) Receives Consensus Rating of “Hold” from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have been assigned an average rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$32.15.

A number of analysts have recently commented on the company. Ventum Financial downgraded Ero Copper from a “buy” rating to a “neutral” rating and upped their target price for the stock from C$31.50 to C$33.00 in a research note on Tuesday, May 28th. CIBC raised Ero Copper from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$32.00 to C$36.00 in a report on Thursday, June 20th. Eight Capital upped their price target on Ero Copper from C$23.50 to C$30.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Canaccord Genuity Group upped their price target on Ero Copper from C$34.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Jefferies Financial Group reduced their price target on Ero Copper from C$30.00 to C$29.00 in a report on Thursday, June 6th.

Ero Copper Stock Down 1.9 %

Shares of ERO opened at C$29.24 on Friday. Ero Copper has a 52 week low of C$15.72 and a 52 week high of C$32.89. The company has a quick ratio of 1.43, a current ratio of 0.82 and a debt-to-equity ratio of 62.41. The company has a market capitalization of C$3.01 billion, a price-to-earnings ratio of 32.85, a PEG ratio of -0.72 and a beta of 2.12. The stock’s 50-day moving average price is C$28.90 and its 200-day moving average price is C$25.09.

Ero Copper (TSE:ERO) last issued its earnings results on Tuesday, May 7th. The company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.15. Ero Copper had a return on equity of 9.21% and a net margin of 14.23%. The firm had revenue of C$142.63 million for the quarter, compared to the consensus estimate of C$141.98 million. On average, sell-side analysts predict that Ero Copper will post 2.2548878 EPS for the current year.

Insider Buying and Selling at Ero Copper

In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$28.11, for a total transaction of C$281,053.00. Insiders sold 16,208 shares of company stock valued at $464,151 over the last quarter. 10.93% of the stock is currently owned by 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.