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

Ero Copper Corp. (TSE:ERO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$32.92.

Several research firms recently weighed in on ERO. Ventum Financial dropped their price target on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Jefferies Financial Group dropped their target price on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday. Scotiabank decreased their price target 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. Eight Capital dropped their price objective on shares of Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group upgraded shares of Ero Copper to a "strong-buy" rating in a research report on Monday, December 2nd.

Insider Activity

In related news, Director Chantal Gosselin acquired 10,000 shares of the company's stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is owned by company insiders.

Ero Copper Stock Performance

ERO stock traded up C$0.32 during mid-day trading on Wednesday, hitting C$20.60. 465,605 shares of the company were exchanged, compared to its average volume of 327,048. Ero Copper has a 1-year low of C$18.38 and a 1-year high of C$32.89. The stock has a market capitalization of C$2.13 billion, a PE ratio of -79.23, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The business has a 50 day simple moving average of C$21.45 and a 200-day simple moving average of C$25.74. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 82.63.

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.