Ero Copper (TSE:ERO) Sets New 1-Year Low - Should You Sell?

Ero Copper Corp. (TSE:ERO - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as C$18.23 and last traded at C$18.39, with a volume of 742912 shares changing hands. The stock had previously closed at C$19.88.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Ventum Financial lowered their target price on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Scotiabank cut their target price on Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating on the stock in a research report on Wednesday. Jefferies Financial Group dropped their price target on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. National Bankshares dropped their price target on Ero Copper from C$27.00 to C$23.50 and set a "sector perform" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group upgraded Ero Copper to a "strong-buy" rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Ero Copper currently has a consensus rating of "Moderate Buy" and a consensus target price of C$30.38.

Ero Copper Price Performance

The company has a 50-day moving average price of C$19.79 and a two-hundred day moving average price of C$23.94. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The company has a market cap of C$1.44 billion, a PE ratio of 89.68, a P/E/G ratio of -0.72 and a beta of 1.98.

Insider Buying and Selling

In other news, Director Chantal Gosselin acquired 10,000 shares of the business's stock in a transaction on 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. 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.