Brokerages Set Ero Copper Corp. (TSE:ERO) Price Target at C$27.29

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.

Ero Copper Corp. (TSE:ERO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$27.29.

A number of research analysts have recently weighed in on ERO shares. National Bank Financial cut Ero Copper from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. National Bankshares cut Ero Copper from an "outperform" rating to a "sector perform" rating and set a C$24.50 price target for the company. in a research report on Wednesday, July 9th. BMO Capital Markets raised their price target on 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. TD Securities raised their price target on 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. Finally, Canaccord Genuity Group dropped their price target on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th.

Ero Copper Price Performance

Shares of ERO remained flat at C$19.93 on Thursday. The company had a trading volume of 93,916 shares, compared to its average volume of 354,138. The stock has a market cap of C$1.40 billion, a price-to-earnings ratio of 87.19, a PEG ratio of -0.72 and a beta of 1.98. The company has a debt-to-equity ratio of 83.17, a current ratio of 0.68 and a quick ratio of 1.43. The company's fifty day moving average is C$20.28 and its 200-day moving average is C$18.91. Ero Copper has a 1-year low of C$13.17 and a 1-year high of C$31.56.

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.