Ero Copper Corp. (TSE:ERO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Ero Copper Corp. (TSE:ERO) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$32.92.

Several research firms have weighed in on ERO. TD Securities lowered their target price on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Canaccord Genuity Group boosted 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 report on Thursday, October 3rd. Jefferies Financial Group reduced their price target on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. Ventum Financial reduced their price objective on shares of Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Finally, National Bankshares decreased their target price on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th.

Ero Copper Stock Down 2.0 %

ERO stock opened at C$20.02 on Wednesday. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a 1-year low of C$18.38 and a 1-year high of C$32.89. The firm has a fifty day moving average price of C$20.92 and a two-hundred day moving average price of C$25.48. The firm has a market cap of C$2.07 billion, a price-to-earnings ratio of -77.00, a PEG ratio of -0.72 and a beta of 1.98.

Insider Transactions at Ero Copper

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

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.