Ero Copper Corp. (TSE:ERO) Receives C$30.58 Average Price Target from Analysts

Ero Copper Corp. (TSE:ERO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$30.58.

ERO has been the topic of a number of analyst reports. Jefferies Financial Group cut their price objective on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. The Goldman Sachs Group upgraded shares of Ero Copper to a "strong-buy" rating in a research note on Monday, December 2nd. Canaccord Genuity Group reduced their target price on Ero Copper from C$29.00 to C$25.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Raymond James cut 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 report on Wednesday, February 12th. Finally, 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 report on Wednesday, February 12th.

Insider Transactions at Ero Copper

In other Ero Copper news, Director Chantal Gosselin acquired 10,000 shares of Ero Copper stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of C$19.44 per share, with a total value of C$194,400.00. Company insiders own 10.37% of the company's stock.

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Ero Copper Trading Down 2.0 %

TSE:ERO traded down C$0.38 during trading hours on Monday, hitting C$18.70. The stock had a trading volume of 241,648 shares, compared to its average volume of 361,437. The business's 50 day moving average is C$19.06 and its 200-day moving average is C$22.29. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of 81.81, a P/E/G ratio of -0.72 and a beta of 1.98. Ero Copper has a one year low of C$16.11 and a one year 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.