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

Shares of Ero Copper Corp. (TSE:ERO) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$33.67.

Several research firms have commented on ERO. Eight Capital lowered their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Raymond James raised Ero Copper from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$34.00 to C$36.00 in a research report on Tuesday, September 3rd. Canaccord Genuity Group increased their target price on 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. Jefferies Financial Group decreased their price target on Ero Copper from C$35.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. 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 for the company in a research note on Tuesday, October 15th.

Ero Copper Price Performance

Ero Copper stock opened at C$21.94 on Tuesday. The firm’s 50-day moving average is C$26.65 and its two-hundred day moving average is C$27.75. 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 stock has a market capitalization of C$2.26 billion, a P/E ratio of -83.81, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a 12-month low of C$16.28 and a 12-month high of C$32.89.

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.