Ero Copper Corp. (TSE:ERO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Ero Copper Corp. has received a consensus rating of "Moderate Buy" from eleven analysts, with the average 12-month price target set at C$27.85.
• Recent changes in ratings include National Bank Financial downgrading the stock from "strong-buy" to "hold", and Stifel Canada upgrading it to a "strong-buy".
• The stock is currently trading at C$19.38, with a 52-week range between C$13.17 and C$31.56.

Ero Copper Corp. (TSE:ERO - Get Free Report) has received an average rating of "Moderate Buy" from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$27.85.

ERO has been the topic of several recent research reports. National Bank Financial lowered shares of Ero Copper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Scotiabank increased their target price on shares of Ero Copper from C$24.00 to C$26.00 in a research note on Monday, June 16th. National Bankshares lowered shares of Ero Copper from an "outperform" rating to a "sector perform" rating and set a C$24.50 target price on the stock. in a research note on Wednesday, July 9th. Jefferies Financial Group lowered their target price on shares of Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. Finally, TD Securities increased their target price on shares of Ero Copper from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th.

Ero Copper Stock Performance

TSE:ERO traded down C$0.89 during mid-day trading on Friday, hitting C$17.99. The company's stock had a trading volume of 434,411 shares, compared to its average volume of 362,865. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$31.56. 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 stock has a market cap of C$1.26 billion, a price-to-earnings ratio of 78.70, a PEG ratio of -0.72 and a beta of 1.98. The business's fifty day moving average is C$20.80 and its two-hundred day moving average is C$19.04.

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.