Ero Copper Corp. (TSE:ERO - Get Free Report) dropped 1.7% during trading on Friday . The stock traded as low as C$19.27 and last traded at C$19.46. Approximately 274,363 shares were traded during trading, a decline of 5% from the average daily volume of 290,155 shares. The stock had previously closed at C$19.80.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Eight Capital decreased their price objective on shares of Ero Copper from C$40.00 to C$34.00 in a research report on Wednesday, November 6th. TD Securities decreased their price target on shares of Ero Copper from C$30.00 to C$27.00 and set a "hold" rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group dropped their price objective on shares of Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. Ventum Financial reduced their target price on Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Finally, Scotiabank lowered their price target on Ero Copper from C$34.00 to C$30.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$32.92.
View Our Latest Report on ERO
Ero Copper Stock Up 2.0 %
The company has a market cap of C$2.04 billion, a P/E ratio of -76.15, a P/E/G ratio of -0.72 and a beta of 1.98. 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 company's 50-day moving average is C$20.16 and its two-hundred day moving average is C$24.49.
Ero Copper (TSE:ERO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.49 by C($0.12). Ero Copper had a negative return on equity of 3.08% and a negative net margin of 4.79%. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, equities analysts predict that Ero Copper Corp. will post 4.7442244 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Ero Copper news, Director Chantal Gosselin purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is currently owned by insiders.
About Ero Copper
(
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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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