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

Key Points

• Ero Copper Corp. has received a consensus recommendation of "Moderate Buy" from twelve research firms, with three holding, seven buying, and two strongly buying the stock.
• The average 12-month price target for Ero Copper shares is C$27.29, with recent price adjustments by analysts reflecting a range from C$24.00 to C$29.00.
• Ero Copper operates primarily in Brazil and focuses on copper production, with gold and silver produced as by-products from its Vale do Curaca Property.

Ero Copper Corp. (TSE:ERO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$27.29.

A number of equities analysts have recently commented on the company. Desjardins dropped their target price on Ero Copper from C$25.00 to C$23.00 and set a "hold" rating for the company in a report on Tuesday, August 5th. Stifel Nicolaus dropped their target price on Ero Copper from C$29.00 to C$26.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Scotiabank lifted their target price on Ero Copper from C$24.00 to C$26.00 in a report on Monday, June 16th. Raymond James Financial upgraded Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. Finally, National Bank Financial cut Ero Copper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th.

Ero Copper Trading Up 0.9%

Shares of Ero Copper stock traded up C$0.21 on Monday, reaching C$23.35. The company had a trading volume of 1,688,243 shares, compared to its average volume of 362,416. The firm has a market cap of C$2.42 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of -0.72 and a beta of 0.87. 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 firm's 50-day moving average price is C$20.13 and its two-hundred day moving average price is C$19.29. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$31.56.

Ero Copper Company Profile

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.