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

Ero Copper Corp. (TSE:ERO) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$30.58.

Several analysts have recently weighed in on the company. Jefferies Financial Group decreased their price objective on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. TD Securities decreased their price target on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Raymond James dropped their price objective on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Scotiabank decreased their target price on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group dropped 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.

Ero Copper Stock Down 6.3 %

ERO stock opened at C$17.52 on Monday. The business’s 50-day simple moving average is C$18.98 and its 200 day simple moving average is C$22.23. 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 company has a market cap of C$1.23 billion, a PE ratio of 76.64, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. Ero Copper has a twelve month low of C$16.11 and a twelve month high of C$32.89.

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.