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

Shares of Ero Copper Corp. (TSE:ERO) have been given an average rating of “Buy” by the fourteen brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$29.83.

A number of equities research analysts have issued reports on ERO shares. Scotiabank decreased their target price on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. National Bankshares decreased their price objective on shares of Ero Copper from C$23.50 to C$21.50 and set an “outperform” rating for the company in a report on Wednesday. Canaccord Genuity Group lowered their target price on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. TD Securities cut their target price on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Finally, Jefferies Financial Group lowered their price target on Ero Copper from C$25.00 to C$22.00 in a research report on Friday, April 4th.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$15.12 on Friday. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 66.14, a P/E/G ratio of -0.72 and a beta of 1.98. The business has a 50-day moving average of C$17.51 and a two-hundred day moving average of C$20.82. Ero Copper has a fifty-two week low of C$13.17 and a fifty-two week high of C$32.89. 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 Company Profile

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.