Analysts Set Ero Copper Corp. (TSE:ERO) Price Target at C$30.38

Shares of Ero Copper Corp. (TSE:ERO) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$30.38.

ERO has been the subject of a number of recent analyst reports. National Bankshares cut their price target on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. TD Securities upgraded Ero Copper from a “hold” rating to a “buy” rating and dropped their price objective for the stock from C$26.00 to C$23.00 in a research report on Wednesday, February 12th. Raymond James decreased their target price on shares of Ero Copper from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Canaccord Genuity Group dropped their price target on Ero Copper from C$29.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Scotiabank reduced their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th.

Ero Copper Trading Up 6.5 %

ERO opened at C$17.74 on Thursday. The stock has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 77.61, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. Ero Copper has a twelve month low of C$16.11 and a twelve month high of C$32.89. The company has a 50-day simple moving average of C$19.46 and a 200 day simple moving average of C$23.25.

Insider Activity at Ero Copper

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

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.