Ero Copper Corp. (TSE:ERO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ero Copper Corp. (TSE:ERO) have been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$45.86.

A number of equities research analysts recently weighed in on ERO shares. National Bank Financial upgraded Ero Copper from a “hold” rating to a “strong-buy” rating and set a C$50.00 price target on the stock in a research note on Tuesday, May 5th. Jefferies Financial Group decreased their price objective on shares of Ero Copper from C$42.00 to C$39.00 in a report on Monday, July 13th. Bank of America raised shares of Ero Copper from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$41.00 to C$49.00 in a research report on Thursday. Scotiabank raised their target price on shares of Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a research note on Monday, June 15th. Finally, BMO Capital Markets lifted their target price on shares of Ero Copper from C$42.00 to C$48.00 in a report on Wednesday, April 22nd.

Ero Copper Stock Performance

ERO opened at C$33.89 on Friday. Ero Copper has a 12-month low of C$17.66 and a 12-month high of C$53.69. The stock has a market cap of C$3.53 billion, a price-to-earnings ratio of 12.10, a PEG ratio of -0.72 and a beta of 1.78. The business has a 50 day moving average of C$38.77 and a 200-day moving average of C$39.87. The company has a quick ratio of 1.43, a current ratio of 1.30 and a debt-to-equity ratio of 54.96.

Insider Transactions at Ero Copper

In other Ero Copper news, Director Lyle Braaten sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$41.80, for a total transaction of C$418,000.00. Following the completion of the sale, the director directly owned 200,000 shares in the company, valued at C$8,360,000. This trade represents a 4.76% decrease in their ownership of the stock. 10.37% of the stock is owned by company insiders.

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.