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

Ero Copper Corp. (TSE:ERO) has been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$44.54.

A number of equities research analysts recently commented on the company. National Bank Financial decreased their target price on Ero Copper from C$56.00 to C$53.50 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th. Scotiabank raised their price target on Ero Copper from C$36.00 to C$45.00 in a report on Thursday, January 8th. Jefferies Financial Group reduced their price objective on Ero Copper from C$45.00 to C$38.00 in a research note on Friday, February 6th. Desjardins upped their price objective on Ero Copper from C$37.50 to C$45.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Finally, Canaccord Genuity Group increased their target price on Ero Copper from C$48.00 to C$52.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th.

Ero Copper Stock Performance

Shares of TSE ERO opened at C$39.06 on Friday. The company has a debt-to-equity ratio of 67.59, a quick ratio of 1.43 and a current ratio of 1.06. The company has a market cap of C$4.06 billion, a P/E ratio of 15.44, a P/E/G ratio of -0.72 and a beta of 1.66. The firm’s fifty day moving average is C$41.01 and its two-hundred day moving average is C$35.82. Ero Copper has a 52-week low of C$13.17 and a 52-week high of C$53.69.

Ero Copper (TSE:ERO) last released its quarterly earnings data on Thursday, March 5th. The company reported C$1.43 EPS for the quarter. The business had revenue of C$430.18 million during the quarter. Ero Copper had a net margin of 33.50% and a return on equity of 31.58%. As a group, analysts anticipate that Ero Copper will post 4.7442244 EPS for the current fiscal year.

Insider Transactions at Ero Copper

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

About Ero Copper

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.