Ero Copper Corp. (TSE:ERO) Receives C$29.82 Average Target Price from Analysts

Ero Copper Corp. (TSE:ERO - Get Free Report) has been given a consensus rating of "Buy" by the fourteen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and four have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$29.82.

A number of brokerages have recently weighed in on ERO. Canaccord Genuity Group lowered their price target on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group decreased their price target on Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. Raymond James increased their target price on Ero Copper from C$26.00 to C$28.00 in a research note on Friday, April 4th. National Bankshares upgraded Ero Copper from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$21.50 to C$23.00 in a research note on Wednesday, May 7th. Finally, Desjardins raised Ero Copper to a "hold" rating in a report on Thursday, April 3rd.

Ero Copper Price Performance

Shares of ERO traded down C$0.11 during midday trading on Tuesday, reaching C$19.04. The stock had a trading volume of 238,235 shares, compared to its average volume of 364,580. The firm's 50 day moving average price is C$17.21 and its 200-day moving average price is C$19.37. The company has a market capitalization of C$1.34 billion, a P/E ratio of 83.29, a P/E/G ratio of -0.72 and a beta of 1.98. 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 52 week low of C$13.17 and a 52 week high of C$32.89.

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.