Ero Copper Corp. (TSE:ERO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Ero Copper Corp. (TSE:ERO) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$30.58.

ERO has been the subject of a number of research analyst reports. 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 report on Wednesday, February 12th. TD Securities lowered their price target on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Scotiabank lowered their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. National Bankshares lowered their price target 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 note on Wednesday, February 12th. Finally, Raymond James lowered their price target on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th.

Insiders Place Their Bets

In other Ero Copper news, Director Chantal Gosselin acquired 10,000 shares of the business’s stock in a transaction on Friday, December 27th. The shares were acquired at an average price of C$19.44 per share, for a total transaction of C$194,400.00. Corporate insiders own 10.37% of the company’s stock.

Ero Copper Stock Performance

TSE ERO opened at C$19.19 on Monday. Ero Copper has a 52-week low of C$16.11 and a 52-week high of C$32.89. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The company has a market capitalization of C$1.35 billion, a P/E ratio of 83.95, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a fifty day moving average of C$19.10 and a 200-day moving average of C$22.42.

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.