Ero Copper (TSE:ERO) Hits New 52-Week Low – Should You Sell?

Ero Copper Corp. (TSE:ERO)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$17.68 and last traded at C$17.73, with a volume of 165415 shares. The stock had previously closed at C$18.41.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Ventum Financial dropped their price objective on shares of Ero Copper from C$31.50 to C$29.00 in a research note on Thursday, November 21st. Canaccord Genuity Group dropped their price objective on shares of Ero Copper from C$29.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. National Bankshares dropped their price objective on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating on the stock in a research note on Wednesday, February 12th. TD Securities raised shares of 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 note on Wednesday, February 12th. Finally, Scotiabank dropped their price objective on shares of Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ero Copper currently has an average rating of “Moderate Buy” and a consensus target price of C$30.38.

Ero Copper Price Performance

The stock has a market capitalization of C$1.20 billion, a PE ratio of 74.72, a PEG 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. The firm’s fifty day moving average price is C$19.60 and its two-hundred day moving average price is C$23.43.

Insider Buying and Selling at Ero Copper

In other news, Director Chantal Gosselin acquired 10,000 shares of Ero Copper stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of C$19.44 per share, with a total value of C$194,400.00. 10.37% of the stock is owned by corporate 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.