Brokerages Set Ero Copper Corp. (TSE:ERO) PT at C$42.58

Shares of Ero Copper Corp. (TSE:ERO) have received an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$42.58.

A number of brokerages have weighed in on ERO. TD Securities increased their price target on Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. Jefferies Financial Group reduced their target price on Ero Copper from C$45.00 to C$38.00 in a research report on Friday, February 6th. Raymond James Financial cut Ero Copper from a “buy” rating to a “hold” rating and lowered their price target for the company from C$49.00 to C$45.00 in a report on Monday, February 9th. Canaccord Genuity Group raised shares of Ero Copper from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, Stifel Nicolaus cut shares of Ero Copper from a “buy” rating to a “hold” rating and raised their target price for the stock from C$26.00 to C$37.00 in a research report on Tuesday, October 21st.

Ero Copper Price Performance

Shares of TSE:ERO opened at C$41.80 on Thursday. Ero Copper has a one year low of C$13.17 and a one year high of C$53.69. The stock has a market capitalization of C$4.34 billion, a price-to-earnings ratio of 31.43, a PEG ratio of -0.72 and a beta of 1.99. The company has a 50-day simple moving average of C$40.80 and a 200-day simple moving average of C$31.38. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper (TSE:ERO) last issued its earnings results 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%. On average, analysts predict that Ero Copper will post 4.7442244 EPS for the current year.

Insider Buying and Selling

In related news, Director John H. Wright sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the director owned 377,832 shares of the company’s stock, valued at C$19,688,825.52. This represents a 3.82% decrease in their position. 10.37% of the stock is owned by corporate insiders.

Ero Copper Company Profile