Ero Copper (TSE:ERO) Hits New 1-Year Low – What’s Next?

Shares of Ero Copper Corp. (TSE:ERO) reached a new 52-week low on Thursday . The company traded as low as C$16.03 and last traded at C$16.08, with a volume of 116138 shares trading hands. The stock had previously closed at C$17.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. National Bankshares lowered their price objective on shares of Ero Copper from C$27.00 to C$23.50 and set a “sector perform” rating for the company in a research report on Wednesday, February 12th. Scotiabank cut their price objective on Ero Copper from C$28.50 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Jefferies Financial Group decreased their price objective on Ero Copper from C$25.00 to C$22.00 in a research report on Friday. Raymond James raised their target price on shares of Ero Copper from C$26.00 to C$28.00 in a report on Friday. Finally, Desjardins raised shares of Ero Copper to a “hold” rating in a research report on Thursday. Four investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$30.00.

Ero Copper Trading Down 11.0 %

The business’s 50 day simple moving average is C$18.58 and its 200 day simple moving average is C$21.88. The stock has a market cap of C$988.82 million, a price-to-earnings ratio of 61.68, 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.

Ero Copper Company Profile

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.