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

Ero Copper Corp. (TSE:ERO) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$30.38.

A number of analysts have recently commented on ERO shares. Raymond James dropped their price objective on Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Scotiabank lowered their price target on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. TD Securities upgraded Ero Copper from a “hold” rating to a “buy” rating and lowered their price target for the company from C$26.00 to C$23.00 in a report on Wednesday, February 12th. Finally, Jefferies Financial Group lowered their price target on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th.

Ero Copper Stock Up 0.8 %

ERO opened at C$18.41 on Thursday. Ero Copper has a one year low of C$18.00 and a one year 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 stock’s fifty day moving average is C$19.67 and its 200-day moving average is C$23.61. The company has a market capitalization of C$1.29 billion, a PE ratio of 80.54, a P/E/G ratio of -0.72 and a beta of 1.98.

Insider Activity at Ero Copper

In related news, Director Chantal Gosselin purchased 10,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of C$19.44 per share, for a total transaction of C$194,400.00. Insiders own 10.37% of the company’s stock.

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.