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

Key Points

• Ero Copper has a consensus recommendation of Moderate Buy from 16 analysts (10 holds, 4 buys, 2 strong buys) with an average 1‑year target price of C$45.00.
• Director John H. Wright sold 15,000 shares at an average price of C$52.11 (C$781,650), reducing his stake by 3.82%, and insiders collectively own 10.37% of the company.
• Recent results and valuation: ERO reported quarterly EPS of C$1.43 and a net margin of 33.5%, with a market cap of about C$3.91B, P/E ~14.8 and a 12‑month trading range of C$16.70–C$53.69.

Ero Copper Corp. (TSE:ERO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$45.00.

A number of equities analysts have issued reports on ERO shares. BMO Capital Markets lifted their target price on shares of Ero Copper from C$42.00 to C$48.00 in a research report on Wednesday, April 22nd. 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 research report on Friday, April 10th. Desjardins lifted their target price on shares of Ero Copper from C$37.50 to C$45.00 and gave the stock a "hold" rating in a research report on Monday, January 26th. National Bank Financial cut their target price on shares of Ero Copper from C$53.50 to C$50.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 15th. Finally, Canaccord Genuity Group lifted their target price on shares of Ero Copper from C$48.00 to C$52.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th.

Insider Activity

In related news, Director John H. Wright sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the transaction, the director owned 377,832 shares of the company's stock, valued at approximately C$19,688,825.52. This represents a 3.82% decrease in their ownership of the stock. Insiders own 10.37% of the company's stock.

Ero Copper Stock Performance

Shares of ERO opened at C$37.53 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.43 and a debt-to-equity ratio of 67.59. The stock has a market cap of C$3.91 billion, a P/E ratio of 14.83, a PEG ratio of -0.72 and a beta of 1.93. The company has a 50-day moving average of C$39.24 and a two-hundred day moving average of C$37.50. Ero Copper has a 12-month low of C$16.70 and a 12-month high of C$53.69.

Ero Copper (TSE:ERO - Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported C$1.43 earnings per share (EPS) for the quarter. The company 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 predict that Ero Copper will post 4.7442244 EPS 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.

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