Brokerages Set Ero Copper Corp. (TSE:ERO) Price Target at C$30.58

Shares of Ero Copper Corp. (TSE:ERO) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$30.58.

Several research analysts have recently issued reports on the company. National Bankshares reduced their price objective on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a research note on Wednesday, February 12th. Canaccord Genuity Group reduced their price target on shares of 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. TD Securities dropped their price objective on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Scotiabank reduced their target price on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Raymond James decreased their target price on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th.

Ero Copper Stock Performance

Shares of ERO stock opened at C$17.52 on Monday. The business has a fifty day moving average of C$18.98 and a 200 day moving average of C$22.19. Ero Copper has a 1 year low of C$16.11 and a 1 year high of C$32.89. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The firm has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 76.64, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98.

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.