Ero Copper Corp. (TSE:ERO) Receives C$32.92 Average PT from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$32.92.

A number of brokerages recently commented on ERO. National Bankshares lowered 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 research note on Tuesday, October 15th. Canaccord Genuity Group increased their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Scotiabank cut their price objective on Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Ventum Financial reduced their target price on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Finally, Eight Capital dropped their price target on Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th.

Ero Copper Stock Down 0.2 %

ERO opened at C$20.78 on Wednesday. Ero Copper has a one year low of C$18.38 and a one year high of C$32.89. The company has a market cap of C$2.15 billion, a price-to-earnings ratio of -79.92, a PEG ratio of -0.72 and a beta of 1.98. The business’s fifty day moving average is C$21.12 and its two-hundred day moving average is C$25.60. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

Insider Activity at Ero Copper

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

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.