Ero Copper (TSE:ERO) Sets New 12-Month Low - Here's What Happened

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$18.14 and last traded at C$18.14, with a volume of 334329 shares trading hands. The stock had previously closed at C$19.26.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ERO. Eight Capital lowered their price objective on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th. Jefferies Financial Group lowered their price target on Ero Copper from C$33.00 to C$29.00 in a research report on Tuesday, January 7th. Canaccord Genuity Group cut their price objective on shares of Ero Copper from C$29.00 to C$25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Raymond James lowered their target price on shares of Ero Copper from C$29.00 to C$28.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Scotiabank dropped their price target on shares of Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$30.38.

Ero Copper Stock Performance

The firm has a 50 day moving average of C$19.69 and a 200-day moving average of C$23.65. The company has a market cap of C$1.28 billion, a P/E ratio of 79.92, a PEG ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17.

Insider Transactions at Ero Copper

In other Ero Copper 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 cost of C$19.44 per share, for a total transaction of C$194,400.00. Corporate insiders own 10.37% of the company's stock.

About Ero Copper

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.