Ero Copper Corp. (TSE:ERO) Receives Average Recommendation of “Moderate Buy” from Analysts

Ero Copper Corp. (TSE:ERO) has been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$34.80.

ERO has been the topic of several research analyst reports. Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a report on Tuesday, December 30th. Scotiabank increased their target price on Ero Copper from C$36.00 to C$45.00 in a research note on Thursday, January 8th. TD Securities cut Ero Copper from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$24.00 to C$33.00 in a report on Tuesday, October 21st. Jefferies Financial Group lowered Ero Copper from a “buy” rating to a “hold” rating and upped their price objective for the company from C$37.00 to C$40.00 in a report on Monday, December 8th. Finally, Stifel Canada downgraded Ero Copper from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st.

Ero Copper Trading Down 1.5%

ERO stock opened at C$41.09 on Friday. Ero Copper has a one year low of C$13.17 and a one year high of C$44.00. The stock has a market cap of C$4.27 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of -0.72 and a beta of 1.97. The company has a fifty day moving average price of C$35.89 and a two-hundred day moving average price of C$27.98. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43.

Ero Copper (TSE:ERO) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$246.59 million for the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. Equities analysts anticipate that Ero Copper will post 4.7442244 EPS for the current year.

About Ero Copper