Ero Copper Corp. (TSE:ERO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ero Copper Corp. (TSE:ERO) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$44.54.

A number of 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 lowered their target price for the company from C$49.00 to C$45.00 in a research note on Monday, February 9th. Freedom Capital upgraded Ero Copper to a “strong-buy” rating in a research note on Tuesday, December 30th. ATB Cormark Capital Markets raised their price target on Ero Copper from C$37.00 to C$50.00 and gave the company a “moderate buy” rating in a report on Friday, February 6th. National Bank Financial lowered their price objective 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. Finally, Canadian Imperial Bank of Commerce upped their price objective on Ero Copper from C$42.00 to C$52.00 in a research note on Wednesday, February 4th.

Insider Buying and Selling

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 377,832 shares in the company, valued at C$19,688,825.52. This represents a 3.82% decrease in their position. Corporate insiders own 10.37% of the company’s stock.

Ero Copper Price Performance

TSE ERO opened at C$39.06 on Friday. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$53.69. The stock has a market cap of C$4.06 billion, a price-to-earnings ratio of 15.44, a PEG ratio of -0.72 and a beta of 1.66. The company’s 50 day moving average is C$41.01 and its two-hundred day moving average is C$35.82. The company has a current ratio of 1.06, a quick ratio of 1.43 and a debt-to-equity ratio of 67.59.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share 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, research analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current year.

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.