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

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have received an average rating of "Buy" from the fourteen analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$29.82.

Several research firms recently commented on ERO. Canaccord Genuity Group reduced their price objective on shares of 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. Scotiabank reduced their price objective on shares of Ero Copper from C$28.50 to C$25.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Jefferies Financial Group reduced their price objective on shares of Ero Copper from C$25.00 to C$22.00 in a research note on Friday, April 4th. TD Securities boosted their price objective 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. Finally, National Bank Financial upgraded shares of Ero Copper from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th.

Ero Copper Stock Down 3.8%

Shares of TSE ERO traded down C$0.73 during trading hours on Tuesday, hitting C$18.31. 255,928 shares of the stock were exchanged, compared to its average volume of 363,436. 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 market cap of C$1.28 billion, a PE ratio of 80.10, a PEG ratio of -0.72 and a beta of 1.98. The firm has a fifty day moving average price of C$17.22 and a 200-day moving average price of C$19.26. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$32.89.

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.