Ero Copper Corp. (TSE:ERO - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$18.67 and last traded at C$19.12, with a volume of 160867 shares trading hands. The stock had previously closed at C$19.36.
Analysts Set New Price Targets
Several equities analysts have weighed in on ERO shares. Jefferies Financial Group lowered their price objective on shares of Ero Copper from C$35.00 to C$34.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. Eight Capital dropped their price target on Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group raised Ero Copper to a "strong-buy" rating in a research note on Monday, December 2nd. Ventum Financial lowered their target price on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Finally, TD Securities reduced their price target on shares of Ero Copper from C$30.00 to C$27.00 and set a "hold" rating for the company in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$33.33.
View Our Latest Analysis on Ero Copper
Ero Copper Price Performance
The stock's fifty day moving average is C$24.06 and its 200-day moving average is C$26.75. 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 stock has a market capitalization of C$1.98 billion, a P/E ratio of -73.69, a PEG ratio of -0.72 and a beta of 1.98.
Insider Activity
In related news, Director Chantal Gosselin sold 10,000 shares of Ero Copper stock in a transaction on Thursday, November 28th. The shares were sold at an average price of C$21.17, for a total value of C$211,700.00. 10.37% of the stock is currently owned by insiders.
About Ero Copper
(
Get Free Report)
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.
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