Ero Copper Corp. (TSE:ERO) Receives C$33.96 Consensus Target Price from Brokerages

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$33.96.

Several analysts have recently commented on the company. TD Securities decreased their target price on Ero Copper from C$30.00 to C$27.00 and set a "hold" rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group decreased their target price on Ero Copper from C$35.00 to C$34.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Raymond James upgraded Ero Copper from a "market perform" rating to an "outperform" rating and raised their price target for the company from C$34.00 to C$36.00 in a report on Tuesday, September 3rd. Ventum Financial decreased their price target on Ero Copper from C$33.00 to C$32.50 in a report on Thursday, August 22nd. Finally, Scotiabank decreased their price target on Ero Copper from C$37.00 to C$34.00 in a report on Wednesday, November 6th.

Ero Copper Stock Performance

Shares of TSE ERO traded up C$0.45 during trading hours on Tuesday, reaching C$22.49. The stock had a trading volume of 191,312 shares, compared to its average volume of 301,405. The business's fifty day moving average is C$27.04 and its two-hundred day moving average is C$27.92. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. The company has a market cap of C$2.32 billion, a price-to-earnings ratio of -85.38, a PEG ratio of -0.72 and a beta of 1.98. Ero Copper has a twelve month low of C$15.84 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.