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

Shares of Ero Copper Corp. (TSE:ERO) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$44.54.

Several equities research analysts recently weighed in on the stock. Bank of America cut shares of Ero Copper from a “buy” rating to a “neutral” rating and cut their price objective for the stock from C$49.00 to C$45.00 in a research report on Monday, February 9th. Raymond James Financial cut shares of Ero Copper from a “buy” rating to a “hold” rating and dropped their target price for the company from C$49.00 to C$45.00 in a research report on Monday, February 9th. TD Securities upped their price target on shares of Ero Copper from C$33.00 to C$45.00 in a report on Thursday, January 22nd. Scotiabank increased their price target on shares of Ero Copper from C$36.00 to C$45.00 in a research report on Thursday, January 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Ero Copper from C$48.00 to C$52.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th.

Insider Buying and Selling at Ero Copper

In other Ero Copper 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 value of C$781,650.00. Following the sale, the director owned 377,832 shares of the company’s stock, valued at approximately C$19,688,825.52. This trade represents a 3.82% decrease in their position. Corporate insiders own 10.37% of the company’s stock.

Ero Copper Stock Performance

ERO opened at C$37.64 on Monday. The company has a debt-to-equity ratio of 67.59, a quick ratio of 1.43 and a current ratio of 1.06. Ero Copper has a 52-week low of C$13.17 and a 52-week high of C$53.69. The firm has a market cap of C$3.91 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of -0.72 and a beta of 1.66. The business’s fifty day moving average is C$42.96 and its 200-day moving average is C$34.00.

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.