Brokerages Set Ero Copper Corp. (TSE:ERO) Price Target at C$33.33

Ero Copper Corp. (TSE:ERO) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$33.33.

ERO has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a research report on Monday, December 2nd. Jefferies Financial Group dropped their target price on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Scotiabank reduced their price target on shares of Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, National Bankshares dropped their price objective on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating on the stock in a report on Tuesday, October 15th.

Insider Buying and Selling at Ero Copper

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

Ero Copper Trading Down 0.8 %

TSE ERO opened at C$19.36 on Friday. The firm has a market capitalization of C$2.00 billion, a PE ratio of -74.65, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. Ero Copper has a one year low of C$18.67 and a one year high of C$32.89. The company has a 50-day simple moving average of C$24.27 and a 200-day simple moving average of C$26.80. 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 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.