Ero Copper Corp. (TSE:ERO) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Fourteen brokers give Ero Copper an average rating of "Moderate Buy" (8 hold, 4 buy, 2 strong buy) with a 12‑month average price target of C$44.54, amid mixed recent revisions including Bank of America cutting to neutral and ATB Cormark and CIBC raising targets.
• Recent results and valuation: Ero reported C$1.43 EPS and C$430.18M revenue last quarter with a 33.5% net margin and 31.6% ROE; the stock trades near C$39.06 (12‑month range C$13.17–C$53.69) and has a market cap of C$4.06B.
• Insider activity: Director John H. Wright sold 15,000 shares at C$52.11 on Jan. 29, and corporate insiders hold about 10.37% of the company.

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$44.54.

A number of research analysts recently weighed in on the stock. Bank of America cut shares of Ero Copper from a "buy" rating to a "neutral" rating and lowered their target price for the company from C$49.00 to C$45.00 in a research note on Monday, February 9th. Freedom Capital upgraded Ero Copper to a "strong-buy" rating in a research note on Tuesday, December 30th. ATB Cormark Capital Markets raised their price target on Ero Copper from C$37.00 to C$50.00 and gave the company a "moderate buy" rating in a report on Friday, February 6th. National Bank Financial lowered their price objective on Ero Copper from C$56.00 to C$53.50 and set a "sector perform" rating on the stock in a research report on Wednesday, February 25th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Ero Copper from C$42.00 to C$52.00 in a research note on Wednesday, February 4th.

Insider Buying and Selling

In other Ero Copper news, Director John H. Wright sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of C$52.11, for a total value of C$781,650.00. Following the completion of the transaction, the director directly owned 377,832 shares in the company, valued at C$19,688,825.52. This represents a 3.82% decrease in their position. Corporate insiders own 10.37% of the company's stock.

Ero Copper Price Performance

TSE ERO opened at C$39.06 on Friday. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$53.69. The stock has a market cap of C$4.06 billion, a price-to-earnings ratio of 15.44, a PEG ratio of -0.72 and a beta of 1.66. The company's 50 day moving average is C$41.01 and its two-hundred day moving average is C$35.82. The company has a current ratio of 1.06, a quick ratio of 1.43 and a debt-to-equity ratio of 67.59.

Ero Copper (TSE:ERO - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share for the quarter. The business had revenue of C$430.18 million during the quarter. Ero Copper had a net margin of 33.50% and a return on equity of 31.58%. As a group, research analysts anticipate that Ero Copper will post 4.7442244 earnings per share for the current 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.

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