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

Ero Copper Corp. (TSE:ERO) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$32.92.

Several equities analysts recently commented on the stock. Ventum Financial decreased their price objective on shares of Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. The Goldman Sachs Group upgraded shares of Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd. Scotiabank dropped their price objective on shares of Ero Copper from C$34.00 to C$30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Jefferies Financial Group cut their target price on Ero Copper from C$33.00 to C$29.00 in a research report on Tuesday. Finally, TD Securities lowered their price target on Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a research report on Thursday, November 7th.

Ero Copper Stock Down 1.1 %

Shares of Ero Copper stock opened at C$20.28 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The company has a market cap of C$2.09 billion, a P/E ratio of -78.00, a PEG ratio of -0.72 and a beta of 1.98. The firm’s 50 day moving average price is C$21.58 and its 200-day moving average price is C$25.78. Ero Copper has a 52-week low of C$18.38 and a 52-week high of C$32.89.

Insider Buying and Selling at Ero Copper

In related news, Director Chantal Gosselin bought 10,000 shares of the stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is currently owned by insiders.

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.