Ero Copper (TSE:ERO) Sets New 12-Month High - Here's What Happened

Key Points

• Ero Copper Corp. reached a new 52-week high of C$30.82 during trading, indicating positive market activity for the company.
• Analysts have adjusted their price targets for Ero Copper, with National Bankshares setting a target of C$24.50, while Scotiabank increased their target to C$26.00.
• The company has a market capitalization of C$3.13 billion and trades on a PE ratio of 21.91, reflecting its valuation in the market.

Ero Copper Corp. (TSE:ERO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$30.82 and last traded at C$30.42, with a volume of 160818 shares traded. The stock had previously closed at C$29.92.

Analysts Set New Price Targets

Several analysts have recently issued reports on ERO shares. National Bankshares lowered shares of Ero Copper from an "outperform" rating to a "sector perform" rating and set a C$24.50 target price on the stock. in a research note on Wednesday, July 9th. Desjardins lowered their price target on Ero Copper from C$25.00 to C$23.00 and set a "hold" rating on the stock in a report on Tuesday, August 5th. Stifel Nicolaus decreased their price target on Ero Copper from C$29.00 to C$26.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. 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. Finally, Stifel Canada upgraded shares of Ero Copper to a "strong-buy" rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$26.14.

Ero Copper Stock Performance

The firm's 50-day simple moving average is C$21.78 and its two-hundred day simple moving average is C$19.98. The stock has a market capitalization of C$3.13 billion, a PE ratio of 21.91, a PEG ratio of -0.72 and a beta of 1.52. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

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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