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

Shares of Ero Copper Corp. (TSE:ERO) have received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$45.71.

A number of equities analysts have issued reports on the company. TD increased their target price on Ero Copper from C$45.00 to C$47.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Canaccord Genuity Group increased their target price on Ero Copper from C$48.00 to C$52.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. BMO Capital Markets increased their target price on Ero Copper from C$42.00 to C$48.00 in a report on Wednesday, April 22nd. The Goldman Sachs Group cut Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 target price for the company. in a report on Monday, April 13th. Finally, Scotiabank increased their target price on Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a report on Monday.

Ero Copper Stock Performance

Shares of Ero Copper stock opened at C$42.16 on Wednesday. The company has a market capitalization of C$4.40 billion, a PE ratio of 15.06, a PEG ratio of -0.72 and a beta of 1.77. Ero Copper has a 12 month low of C$17.66 and a 12 month high of C$53.69. The company has a current ratio of 1.30, a quick ratio of 1.43 and a debt-to-equity ratio of 54.96. The stock’s fifty day simple moving average is C$39.38 and its 200 day simple moving average is C$39.56.

Ero Copper (TSE:ERO) last released its earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share (EPS) for the quarter. The firm had revenue of C$430.18 million during the quarter. Ero Copper had a return on equity of 31.19% and a net margin of 31.55%. On average, research analysts predict that Ero Copper will post 4.7442244 EPS for the current year.

Insider Transactions at Ero Copper

In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$41.80, for a total transaction of C$418,000.00. Following the completion of the transaction, the director owned 200,000 shares in the company, valued at approximately C$8,360,000. This represents a 4.76% decrease in their position. Company insiders own 10.37% of the company’s stock.

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.