Ero Copper Corp. (TSE:ERO) Given Consensus Recommendation 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.

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have received an average rating of "Moderate Buy" from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$27.29.

Several equities research analysts have issued reports on ERO shares. Scotiabank boosted their price objective on shares of Ero Copper from C$24.00 to C$26.00 in a research report on Monday, June 16th. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a research report on Monday, June 30th. National Bankshares cut shares of Ero Copper from an "outperform" rating to a "sector perform" rating and set a C$24.50 price target for the company. in a research report on Wednesday, July 9th. Stifel Canada raised shares of Ero Copper to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus lowered their price target on shares of Ero Copper from C$29.00 to C$26.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th.

Ero Copper Price Performance

Ero Copper stock opened at C$23.40 on Monday. The stock has a market cap of C$2.42 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth 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. Ero Copper has a 1 year low of C$13.17 and a 1 year high of C$31.56. The firm has a 50-day moving average of C$19.88 and a two-hundred day moving average of C$19.09.

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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