Ero Copper Corp. (TSE:ERO) Given Average Recommendation of "Buy" by Analysts

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have received an average rating of "Buy" from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$29.73.

A number of research analysts recently issued reports on ERO shares. National Bank Financial upgraded Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Canaccord Genuity Group cut their price objective on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. TD Securities boosted their price objective on Ero Copper from C$20.00 to C$22.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Scotiabank boosted their price objective on Ero Copper from C$22.50 to C$24.00 in a research note on Thursday, May 22nd. Finally, Raymond James boosted their price objective on Ero Copper from C$26.00 to C$28.00 in a research note on Friday, April 4th.

Ero Copper Price Performance

TSE ERO opened at C$21.61 on Friday. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$31.73. The firm has a market capitalization of C$1.52 billion, a P/E ratio of 94.54, a PEG 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. The company has a 50-day moving average price of C$17.55 and a 200-day moving average price of C$18.87.

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.

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