Brokerages Set Ero Copper Corp. (TSE:ERO) Target Price at C$29.30

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have been assigned a consensus rating of "Buy" from the eleven analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$27.70.

ERO has been the topic of several recent research reports. National Bank Financial raised Ero Copper from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. TD Securities raised their target price on Ero Copper from C$20.00 to C$22.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group cut their target price on Ero Copper from C$26.50 to C$26.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. BMO Capital Markets raised their target price on Ero Copper from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Scotiabank raised their target price on Ero Copper from C$24.00 to C$26.00 in a research report on Monday, June 16th.

Ero Copper Stock Performance

Shares of TSE:ERO traded down C$0.30 during trading on Wednesday, hitting C$22.66. 171,550 shares of the stock were exchanged, compared to its average volume of 347,661. Ero Copper has a 1-year low of C$13.17 and a 1-year high of C$31.73. The company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 99.13, a price-to-earnings-growth ratio of -0.72 and a beta of 1.98. The company's fifty day simple moving average is C$20.23 and its 200-day simple moving average is C$19.01. The company has a debt-to-equity ratio of 83.17, a quick ratio of 1.43 and a current ratio of 0.68.

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.