Ero Copper (TSE:ERO) Hits New 12-Month Low - What's Next?

Ero Copper Corp. (TSE:ERO - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as C$17.68 and last traded at C$17.73, with a volume of 165415 shares traded. The stock had previously closed at C$18.41.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ERO. Canaccord Genuity Group lowered their price target on 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. The Goldman Sachs Group raised Ero Copper to a "strong-buy" rating in a research report on Monday, December 2nd. Jefferies Financial Group decreased their target price on Ero Copper from C$33.00 to C$29.00 in a research report on Tuesday, January 7th. TD Securities raised Ero Copper from a "hold" rating to a "buy" rating and decreased their target price for the company from C$26.00 to C$23.00 in a research report on Wednesday, February 12th. Finally, Raymond James decreased their target price on Ero Copper from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Ero Copper currently has a consensus rating of "Moderate Buy" and an average price target of C$30.38.

Ero Copper Stock Down 3.3 %

The firm has a market cap of C$1.16 billion, a price-to-earnings ratio of 72.27, a P/E/G ratio of -0.72 and a beta of 1.98. 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 stock has a 50-day moving average of C$19.60 and a 200-day moving average of C$23.41.

Insider Buying and Selling

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

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.