Brokerages Set Ero Copper Corp. (TSE:ERO) PT at C$33.33

Ero Copper Corp. (TSE:ERO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$33.33.

A number of research analysts have commented on the stock. Jefferies Financial Group cut their target price on shares of Ero Copper from C$35.00 to C$34.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. TD Securities reduced their price objective 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 upped their target price on Ero Copper from C$39.00 to C$40.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Ventum Financial cut their price target on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Finally, Raymond James upgraded Ero Copper from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from C$34.00 to C$36.00 in a research note on Tuesday, September 3rd.

Ero Copper Trading Down 4.3 %

TSE:ERO traded down C$0.88 during midday trading on Friday, hitting C$19.51. The stock had a trading volume of 379,347 shares, compared to its average volume of 309,480. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 82.63. The stock has a 50-day moving average of C$24.27 and a 200 day moving average of C$26.83. The company has a market capitalization of C$2.01 billion, a price-to-earnings ratio of -75.04, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a one year low of C$18.67 and a one year high of C$32.89.

Insider Transactions at Ero Copper

In related news, Director Chantal Gosselin sold 10,000 shares of the firm's stock in a transaction on Thursday, November 28th. The stock was sold at an average price of C$21.17, for a total value of C$211,700.00. Insiders own 10.37% of the company's stock.

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.