Ero Copper Corp. (TSE:ERO) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Ero Copper Corp. (TSE:ERO) has received an average recommendation of "Moderate Buy" from eleven research firms, with three analysts rating it as a hold, six as buy, and two as strong buy.
• The average 1-year price target for Ero Copper among brokerages is C$27.09, while recent reports show a range of price targets from C$23.00 to C$27.00.
• Ero Copper's stock has experienced a decline of 3.3% and has a market cap of C$3.28 billion, with a 12-month price range between C$13.17 and C$33.50.

Shares of Ero Copper Corp. (TSE:ERO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$27.09.

ERO has been the subject of several recent research reports. BMO Capital Markets upped their price target on Ero Copper from C$24.00 to C$27.00 and gave the company an "outperform" rating in a report on Friday, July 4th. Stifel Canada raised Ero Copper to a "strong-buy" rating in a report on Tuesday, July 8th. Raymond James Financial raised Ero Copper to a "moderate buy" rating in a report on Monday, June 30th. National Bank Financial cut Ero Copper from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, Desjardins cut their price target 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.

Ero Copper Trading Down 3.3%

Ero Copper stock opened at C$31.66 on Friday. The business has a 50 day moving average price of C$22.57 and a two-hundred day moving average price of C$20.22. 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 stock has a market cap of C$3.28 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of -0.72 and a beta of 1.52. Ero Copper has a 12 month low of C$13.17 and a 12 month high of C$33.50.

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.

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