Brokerages Set Ero Copper Corp. (TSE:ERO) PT at C$45.00

Ero Copper Corp. (TSE:ERO) has earned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$45.00.

Several research firms have weighed in on ERO. National Bank Financial upgraded shares of Ero Copper from a “hold” rating to a “strong-buy” rating and set a C$50.00 price objective on the stock in a research note on Tuesday, May 5th. Canaccord Genuity Group raised their price objective on shares of Ero Copper from C$48.00 to C$52.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group downgraded shares of Ero Copper from a “buy” rating to a “hold” rating and set a C$31.00 price target on the stock. in a report on Monday, April 13th. Jefferies Financial Group decreased their price target on Ero Copper from C$45.00 to C$38.00 in a research note on Friday, February 6th. Finally, TD lifted their target price on shares of Ero Copper from C$45.00 to C$47.00 and gave the stock a “hold” rating in a report on Friday, April 10th.

Insider Activity

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

Ero Copper Stock Up 2.0%

TSE ERO opened at C$42.01 on Friday. Ero Copper has a 12 month low of C$17.66 and a 12 month high of C$53.69. The company has a market capitalization of C$4.38 billion, a P/E ratio of 15.00, a PEG ratio of -0.72 and a beta of 1.93. The company’s 50 day simple moving average is C$38.22 and its 200 day simple moving average is C$38.73. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.30 and a quick ratio of 1.43.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share (EPS) for the quarter. Ero Copper had a return on equity of 31.19% and a net margin of 31.55%.The company had revenue of C$430.18 million for the quarter. Equities research analysts expect that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

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.