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

Shares of Ero Copper Corp. (TSE:ERO) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$32.92.

Several research firms have recently commented on ERO. Jefferies Financial Group cut their price objective on Ero Copper from C$33.00 to C$29.00 in a report on Tuesday, January 7th. National Bankshares decreased their price objective on shares of Ero Copper from C$33.00 to C$31.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 15th. Eight Capital dropped their target price on shares of Ero Copper from C$40.00 to C$34.00 in a report on Wednesday, November 6th. Ventum Financial reduced their price target on Ero Copper from C$31.50 to C$29.00 in a report on Thursday, November 21st. Finally, The Goldman Sachs Group upgraded Ero Copper to a “strong-buy” rating in a research note on Monday, December 2nd.

Insider Buying and Selling at Ero Copper

In other Ero Copper news, Director Chantal Gosselin acquired 10,000 shares of the business’s stock in a transaction on Friday, December 27th. The stock was purchased at an average price of C$19.44 per share, with a total value of C$194,400.00. Insiders own 10.37% of the company’s stock.

Ero Copper Trading Down 2.9 %

Ero Copper stock opened at C$18.85 on Friday. The company has a market cap of C$1.95 billion, a price-to-earnings ratio of -72.50, a P/E/G ratio of -0.72 and a beta of 1.98. The firm has a 50-day moving average of C$20.03 and a 200-day moving average of C$24.35. The company has a debt-to-equity ratio of 82.63, a current ratio of 0.68 and a quick ratio of 1.43. Ero Copper has a one year low of C$18.38 and a one year high of C$32.89.

Ero Copper (TSE:ERO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.37 EPS for the quarter, missing the consensus estimate of C$0.49 by C($0.12). Ero Copper had a negative net margin of 4.79% and a negative return on equity of 3.08%. During the same period last year, the firm earned $0.25 EPS. On average, equities analysts expect that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

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.