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

Shares of Ero Copper Corp. (TSE:ERO) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$32.92.

Several research firms recently issued reports on ERO. TD Securities reduced their price target on shares of Ero Copper from C$30.00 to C$27.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Ventum Financial reduced their target price on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. National Bankshares lowered their price target on Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a report on Tuesday, October 15th. Jefferies Financial Group reduced their price objective on Ero Copper from C$33.00 to C$29.00 in a research note on Tuesday, January 7th. Finally, Eight Capital lowered their target price on Ero Copper from C$40.00 to C$34.00 in a research note on Wednesday, November 6th.

Ero Copper Stock Down 2.9 %

Shares of TSE ERO opened at C$18.85 on Friday. The stock has a market capitalization of C$1.95 billion, a P/E ratio of -72.50, a PEG ratio of -0.72 and a beta of 1.98. The stock’s fifty day moving average is C$20.03 and its 200 day moving average is C$24.35. Ero Copper has a 52 week low of C$18.38 and a 52 week high of C$32.89. The company has a debt-to-equity ratio of 82.63, a quick ratio of 1.43 and a current ratio of 0.68.

Ero Copper (TSE:ERO) last released its earnings results on Tuesday, November 5th. The company reported C$0.37 EPS for the quarter, missing the consensus estimate of C$0.49 by C($0.12). Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. During the same quarter in the prior year, the business earned $0.25 earnings per share. Sell-side analysts forecast that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

Insider Activity

In other Ero Copper news, Director Chantal Gosselin purchased 10,000 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were bought at an average price of C$19.44 per share, for a total transaction of C$194,400.00. 10.37% of the stock is currently owned by insiders.

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.