Ero Copper Corp. (TSE:ERO) Given Consensus Rating of “Buy” by Brokerages

Ero Copper Corp. (TSE:ERO) has earned an average rating of “Buy” from the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and four have issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$29.30.

Several analysts recently weighed in on ERO shares. National Bankshares raised Ero Copper from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$21.50 to C$23.00 in a report on Wednesday, May 7th. Desjardins upgraded Ero Copper to a “hold” rating in a report on Thursday, April 3rd. BMO Capital Markets raised Ero Copper to a “strong-buy” rating in a research note on Wednesday, April 16th. National Bank Financial raised Ero Copper from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. Finally, Canaccord Genuity Group decreased their price target on shares of Ero Copper from C$26.50 to C$26.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th.

Ero Copper Trading Up 0.0%

Shares of TSE:ERO opened at C$23.00 on Wednesday. Ero Copper has a one year low of C$13.17 and a one year high of C$31.73. The stock has a market capitalization of C$1.61 billion, a PE ratio of 100.62, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company’s 50-day moving average price is C$19.87 and its two-hundred day moving average price is C$18.92. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.