Ero Copper Corp. (TSE:ERO) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$30.38.

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group lowered their price target on 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. TD Securities raised shares of Ero Copper from a "hold" rating to a "buy" rating and dropped their price target for the stock from C$26.00 to C$23.00 in a research note on Wednesday, February 12th. Jefferies Financial Group reduced their target price on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group raised Ero Copper to a "strong-buy" rating in a report on Monday, December 2nd. Finally, National Bankshares dropped their target price on shares of Ero Copper from C$27.00 to C$23.50 and set a "sector perform" rating on the stock in a report on Wednesday, February 12th.

Insider Buying and Selling at Ero Copper

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

Ero Copper Trading Down 1.4 %

Shares of ERO traded down C$0.24 during mid-day trading on Thursday, hitting C$17.08. The company had a trading volume of 396,967 shares, compared to its average volume of 362,125. Ero Copper has a 1-year low of C$16.58 and a 1-year high of C$32.89. 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 business's 50-day simple moving average is C$19.60 and its 200-day simple moving average is C$23.42. The stock has a market cap of C$1.20 billion, a PE ratio of 74.72, a P/E/G ratio of -0.72 and a beta of 1.98.

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.