Ero Copper Corp. (TSE:ERO – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$33.96.
A number of equities analysts recently commented on the stock. CIBC raised shares of Ero Copper from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$32.00 to C$36.00 in a research report on Thursday, June 20th. Ventum Financial lowered shares of Ero Copper from a “buy” rating to a “neutral” rating and raised their price target for the stock from C$31.50 to C$33.00 in a research report on Tuesday, May 28th. Jefferies Financial Group increased their price objective on shares of Ero Copper from C$29.00 to C$32.00 in a research note on Friday, July 12th. TD Securities reduced their price objective on shares of Ero Copper from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Finally, Pi Financial upgraded shares of Ero Copper from a “neutral” rating to a “buy” rating in a research note on Thursday, April 18th.
Get Our Latest Stock Analysis on Ero Copper
Ero Copper Price Performance
Shares of ERO opened at C$25.48 on Friday. The firm has a market capitalization of C$2.62 billion, a PE ratio of 28.63, a PEG ratio of -0.72 and a beta of 2.12. The company’s 50-day moving average is C$28.10 and its 200-day moving average is C$26.52. Ero Copper has a fifty-two week low of C$15.72 and a fifty-two week high of C$32.89. The company has a debt-to-equity ratio of 62.41, a current ratio of 0.82 and a quick ratio of 1.43.
Insiders Place Their Bets
In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of C$28.11, for a total transaction of C$281,053.00. Company insiders own 10.93% of the company’s stock.
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.
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