Ero Copper Corp. (TSE:ERO) Receives C$33.96 Consensus Target Price from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$33.67.

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. National Bankshares decreased their target price on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. Ventum Financial decreased their price objective on shares of Ero Copper from C$31.50 to C$29.00 in a research report on Thursday. Eight Capital decreased their price objective on shares of Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd.

Ero Copper Price Performance

TSE ERO opened at C$22.20 on Tuesday. The firm’s fifty day simple moving average is C$26.90 and its two-hundred day simple moving average is C$27.84. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. Ero Copper has a 12-month low of C$16.28 and a 12-month high of C$32.89. The firm has a market capitalization of C$2.29 billion, a P/E ratio of -85.23, a P/E/G ratio of -0.72 and a beta of 1.98.

About Ero Copper

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.