Ero Copper (TSE:ERO) Stock Price Down 0.5% - What's Next?

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) traded down 0.5% during trading on Monday . The company traded as low as C$18.74 and last traded at C$19.04. 143,749 shares traded hands during trading, a decline of 60% from the average session volume of 359,922 shares. The stock had previously closed at C$19.13.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ERO. BMO Capital Markets raised their target price on shares of Ero Copper from C$24.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Friday, July 4th. Desjardins cut their price target on shares of Ero Copper from C$25.00 to C$23.00 and set a "hold" rating on the stock in a research note on Tuesday, August 5th. Raymond James Financial raised shares of Ero Copper to a "moderate buy" rating in a research note on Monday, June 30th. TD Securities upped their price objective on Ero Copper from C$20.00 to C$22.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Scotiabank lifted their target price on Ero Copper from C$24.00 to C$26.00 in a report on Monday, June 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Ero Copper presently has a consensus rating of "Moderate Buy" and a consensus price target of C$27.29.

Ero Copper Stock Performance

The stock has a 50 day simple moving average of C$20.43 and a 200 day simple moving average of C$18.91. 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$1.34 billion, a price-to-earnings ratio of 83.29, a PEG ratio of -0.72 and a beta of 1.98.

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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