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

Shares of Ero Copper Corp. (TSE:ERO) have been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$29.83.

A number of equities research analysts recently commented on ERO shares. Raymond James increased their price target on Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. Canaccord Genuity Group cut their price target on 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. BMO Capital Markets raised shares of Ero Copper to a “strong-buy” rating in a report on Wednesday. TD Securities dropped their target price 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. Finally, Scotiabank reduced their target price on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th.

Ero Copper Price Performance

TSE:ERO opened at C$15.12 on Friday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. The firm has a market cap of C$1.06 billion, a PE ratio of 66.14, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$32.89. The company’s 50-day moving average price is C$17.51 and its two-hundred day moving average price is C$20.82.

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.