Ero Copper (TSE:ERO) Trading Down 0.5% - Here's What Happened

Key Points

• Ero Copper Corp. stock price decreased by 0.5% during trading, closing at C$19.04 with a trading volume that declined by 60% compared to its average.
• Analysts' opinions on Ero Copper vary, with target prices ranging from C$23.00 to C$27.00, and the stock receiving a consensus rating of "Moderate Buy."
• The company specializes in base metals mining, focusing on copper production in Brazil, with a market capitalization of C$1.34 billion.

Ero Copper Corp. (TSE:ERO - Get Free Report) shares were down 0.5% on Monday . The company traded as low as C$18.74 and last traded at C$19.04. Approximately 143,749 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 359,922 shares. The stock had previously closed at C$19.13.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank lifted their target price on shares of Ero Copper from C$24.00 to C$26.00 in a report on Monday, June 16th. 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 report on Wednesday, July 9th. Desjardins reduced their target price on shares of 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. BMO Capital Markets lifted their target price on shares of Ero Copper from C$24.00 to C$27.00 and gave the company an "outperform" rating in a report on Friday, July 4th. Finally, Canaccord Genuity Group reduced their target price on shares of 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. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$27.29.

Ero Copper Price Performance

The company's 50-day moving average price is C$20.28 and its two-hundred day moving average price is C$18.91. The company has a market cap of C$1.40 billion, a P/E ratio of 87.19, a P/E/G ratio of -0.72 and a beta of 1.98. The company has a current ratio of 0.68, a quick ratio of 1.43 and a debt-to-equity ratio of 83.17.

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.