Ero Copper Corp. (TSE:ERO) Receives C$27.29 Average PT from Brokerages

Key Points

• Ero Copper Corp. has received a consensus rating of "Moderate Buy" from twelve analysts, with the average price target set at C$27.29.
• Notable rating changes include Stifel Nicolaus lowering its price target to C$26.00 while upgrading to a "strong-buy", and TD Securities raising its target to C$22.00.
• The company is focused on copper mining in Brazil and has a market cap of C$1.32 billion, with a current stock price of C$18.86.

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have received an average recommendation of "Moderate Buy" from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$27.29.

A number of research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Ero Copper from C$24.00 to C$27.00 and gave the company an "outperform" rating in a research report on Friday, July 4th. Stifel Canada raised shares of Ero Copper to a "strong-buy" rating in a research report on Tuesday, July 8th. TD Securities boosted their price objective on shares of Ero Copper from C$20.00 to C$22.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. National Bank Financial downgraded shares of Ero Copper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Finally, Scotiabank boosted their price objective on shares of Ero Copper from C$24.00 to C$26.00 in a research report on Monday, June 16th.

Ero Copper Trading Up 1.8%

Shares of Ero Copper stock traded up C$0.35 during trading on Thursday, hitting C$20.17. The stock had a trading volume of 597,296 shares, compared to its average volume of 357,261. The stock has a 50 day simple moving average of C$20.24 and a 200 day simple moving average of C$18.93. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$31.56. The company has a market capitalization of C$1.41 billion, a PE ratio of 88.24, a P/E/G 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.

About Ero Copper

Ero Copper Corp is a base metals mining company. It is focused on the production and sale of copper from the Vale do Curaca Property in Brazil, with gold and silver produced and sold as by-products from the same. Ero's operations are segmented between MCSA, NX Gold, and corporate. Ore is processed using conventional crushing and flotation at the Caraiba Mill, located adjacent to the Pilar underground mine.