Ero Copper (TSE:ERO) Sets New 1-Year Low – Here’s What Happened

Ero Copper Corp. (TSE:ERO) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$18.67 and last traded at C$19.12, with a volume of 160867 shares trading hands. The stock had previously closed at C$19.36.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Canaccord Genuity Group lifted their price objective on Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Eight Capital dropped their price target on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group raised shares of Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Raymond James raised shares of Ero Copper from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Finally, National Bankshares decreased their price target on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.33.

Ero Copper Price Performance

The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The company has a fifty day moving average price of C$23.69 and a 200 day moving average price of C$26.60. The company has a market capitalization of C$1.93 billion, a P/E ratio of -72.00, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling

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