Ero Copper Corp. (TSE:ERO) Receives C$32.92 Average PT from Analysts

Ero Copper Corp. (TSE:ERO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$32.92.

ERO has been the subject of several recent analyst reports. TD Securities dropped their price objective on 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. Scotiabank decreased their price objective on shares of Ero Copper from C$34.00 to C$30.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Ventum Financial dropped their price target on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Eight Capital reduced their price objective on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group raised shares of Ero Copper to a "strong-buy" rating in a research note on Monday, December 2nd.

Ero Copper Stock Performance

Shares of TSE ERO traded down C$0.38 during mid-day trading on Friday, hitting C$19.42. The company had a trading volume of 234,955 shares, compared to its average volume of 293,315. The firm's 50 day simple moving average is C$20.03 and its two-hundred day simple moving average is C$24.35. Ero Copper has a 12 month low of C$18.38 and a 12 month high of C$32.89. The stock has a market cap of C$2.00 billion, a price-to-earnings ratio of -74.69, a PEG ratio of -0.72 and a beta of 1.98. 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 (TSE:ERO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.49 by C($0.12). Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, equities research analysts forecast that Ero Copper will post 4.7442244 earnings per share for the current year.

Insiders Place Their Bets

In other Ero Copper news, Director Chantal Gosselin bought 10,000 shares of Ero Copper stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of C$19.44 per share, with a total value of C$194,400.00. 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.