Brokerages Set Ero Copper Corp. (TSE:ERO) PT at C$29.83

Ero Copper Corp. (TSE:ERO) has been given an average recommendation of “Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$29.83.

A number of research analysts have recently commented on ERO shares. Jefferies Financial Group dropped their price objective on shares of Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. Raymond James upped their price target on shares of Ero Copper from C$26.00 to C$28.00 in a research report on Friday, April 4th. BMO Capital Markets upgraded shares of Ero Copper to a “strong-buy” rating in a report on Wednesday, April 16th. Desjardins raised shares of Ero Copper to a “hold” rating in a research note on Thursday, April 3rd. Finally, Scotiabank cut their target price 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 Stock Performance

Ero Copper stock opened at C$15.51 on Friday. The stock has a fifty day moving average price of C$17.28 and a 200 day moving average price of C$20.38. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$32.89. The firm has a market capitalization of C$1.09 billion, a P/E ratio of 67.85, a PEG ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

Ero Copper Company Profile

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero’s operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.