Ero Copper Corp. (TSE:ERO) Receives C$45.00 Consensus Target Price from Analysts

Ero Copper Corp. (TSE:ERO) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$45.00.

ERO has been the subject of several analyst reports. National Bank Financial upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating and set a C$50.00 price target for the company in a report on Tuesday, May 5th. Canadian Imperial Bank of Commerce upped their price objective on Ero Copper from C$42.00 to C$52.00 in a research report on Wednesday, February 4th. Bank of America cut Ero Copper from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from C$49.00 to C$45.00 in a research report on Monday, February 9th. BMO Capital Markets upped their price objective on Ero Copper from C$42.00 to C$48.00 in a research report on Wednesday, April 22nd. Finally, TD upped their price objective on Ero Copper from C$45.00 to C$47.00 and gave the stock a “hold” rating in a research report on Friday, April 10th.

Insider Activity

In other news, Director Lyle Braaten sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$41.80, for a total value of C$418,000.00. Following the completion of the transaction, the director owned 200,000 shares in the company, valued at approximately C$8,360,000. This represents a 4.76% decrease in their position. Insiders own 10.37% of the company’s stock.

Ero Copper Trading Down 2.0%

TSE ERO opened at C$38.99 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.30 and a debt-to-equity ratio of 54.96. Ero Copper has a 52 week low of C$17.66 and a 52 week high of C$53.69. The stock has a market capitalization of C$4.07 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of -0.72 and a beta of 1.93. The firm has a 50 day moving average of C$37.97 and a two-hundred day moving average of C$38.64.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$1.43 EPS for the quarter. Ero Copper had a net margin of 31.55% and a return on equity of 31.19%. The company had revenue of C$430.18 million during the quarter. As a group, research analysts expect that Ero Copper will post 4.7442244 EPS for the current fiscal 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.