Ero Copper Corp. (TSE:ERO) Receives C$32.92 Consensus Target Price from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$32.92.

ERO has been the subject of several research reports. Ventum Financial reduced their price objective on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Jefferies Financial Group cut their price target on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group raised shares of Ero Copper to a “strong-buy” rating in a report on Monday, December 2nd. Eight Capital reduced their target price on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group upped their price target on shares of Ero Copper from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd.

Insider Buying and Selling

In other news, Director Chantal Gosselin bought 10,000 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was bought 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 owned by corporate insiders.

Ero Copper Stock Performance

Shares of ERO opened at C$20.78 on Wednesday. The stock has a 50 day moving average of C$21.12 and a 200 day moving average of C$25.56. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63. Ero Copper has a 12 month low of C$18.38 and a 12 month high of C$32.89. The company has a market capitalization of C$2.15 billion, a price-to-earnings ratio of -79.92, a PEG ratio of -0.72 and a beta of 1.98.

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.