Ero Copper Corp. (TSE:ERO) Given Average Rating of “Moderate Buy” by Analysts

Ero Copper Corp. (TSE:ERO) has been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$44.54.

A number of research firms have recently weighed in on ERO. National Bank Financial reduced their price target on shares of Ero Copper from C$56.00 to C$53.50 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. Canadian Imperial Bank of Commerce upped their price objective on shares of Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. Desjardins increased their price objective on shares of Ero Copper from C$37.50 to C$45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Raymond James Financial lowered shares of Ero Copper from a “buy” rating to a “hold” rating and cut their target price for the company from C$49.00 to C$45.00 in a research report on Monday, February 9th. Finally, Freedom Capital raised shares of Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th.

Ero Copper Stock Performance

Ero Copper stock opened at C$37.64 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.06 and a debt-to-equity ratio of 67.59. The stock has a market cap of C$3.91 billion, a PE ratio of 28.30, a P/E/G ratio of -0.72 and a beta of 1.66. Ero Copper has a 12-month low of C$13.17 and a 12-month high of C$53.69. The business’s 50-day moving average price is C$42.96 and its two-hundred day moving average price is C$34.00.

Insider Buying and Selling at Ero Copper

In related news, Director John H. Wright sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the sale, the director owned 377,832 shares of the company’s stock, valued at C$19,688,825.52. This trade represents a 3.82% decrease in their position. 10.37% of the stock is currently owned by company insiders.

Ero Copper Company Profile

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.