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

Ero Copper Corp. (TSE:ERO) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$30.38.

Several research analysts have recently commented on the company. TD Securities upgraded Ero Copper from a “hold” rating to a “buy” rating and decreased their target price for the stock from C$26.00 to C$23.00 in a research report on Wednesday, February 12th. Jefferies Financial Group decreased their target price on Ero Copper from C$33.00 to C$29.00 in a research report on Tuesday, January 7th. Canaccord Genuity Group decreased their target price on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Ventum Financial decreased their target price on Ero Copper from C$31.50 to C$29.00 in a research report on Thursday, November 21st. Finally, Eight Capital decreased their target price on Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th.

Ero Copper Price Performance

Shares of TSE ERO opened at C$18.41 on Thursday. Ero Copper has a fifty-two week low of C$18.00 and a fifty-two week high of C$32.89. The business has a 50 day moving average price of C$19.67 and a two-hundred day moving average price of C$23.61. 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$1.29 billion, a PE ratio of 80.54, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling

In other Ero Copper news, Director Chantal Gosselin bought 10,000 shares of the business’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of C$19.44 per share, with a total value of C$194,400.00. Company insiders own 10.37% of the company’s stock.

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.