Ero Copper (TSE:ERO) Sets New 1-Year Low – Time to Sell?

Ero Copper Corp. (TSE:ERO)’s share price reached a new 52-week low on Wednesday . The company traded as low as C$13.33 and last traded at C$13.35, with a volume of 146639 shares trading hands. The stock had previously closed at C$13.74.

Analysts Set New Price Targets

ERO has been the subject of several recent analyst reports. National Bankshares reduced 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 note on Wednesday, February 12th. Raymond James upped their price target on Ero Copper from C$26.00 to C$28.00 in a report on Friday, April 4th. Jefferies Financial Group dropped their price objective on Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. Desjardins upgraded Ero Copper to a “hold” rating in a research report on Thursday, April 3rd. Finally, TD Securities cut their price target on Ero Copper from C$23.00 to C$22.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Ero Copper presently has an average rating of “Moderate Buy” and a consensus target price of C$30.00.

Ero Copper Trading Down 3.3 %

The firm has a market cap of C$932.02 million, a P/E ratio of 58.14, a P/E/G ratio of -0.72 and a beta of 1.98. The business’s 50-day moving average is C$18.26 and its two-hundred day moving average is C$21.49. 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. 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.