Ero Copper (TSE:ERO) Hits New 1-Year Low – Here’s What Happened

Shares of Ero Copper Corp. (TSE:ERO) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$13.33 and last traded at C$13.35, with a volume of 146639 shares trading hands. The stock had previously closed at C$13.74.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Securities decreased their price objective on shares of Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Canaccord Genuity Group decreased their target price on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Desjardins upgraded Ero Copper to a “hold” rating in a report on Thursday, April 3rd. Raymond James upped their price target on Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. Finally, National Bankshares decreased their price objective on Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$30.00.

Ero Copper Stock Up 4.7 %

The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The stock has a market cap of C$1.02 billion, a price-to-earnings ratio of 63.61, a P/E/G ratio of -0.72 and a beta of 1.98. The business has a fifty day moving average of C$17.96 and a 200 day moving average of C$21.29.

About Ero Copper

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.