Ero Copper - ERO Stock Forecast, Price & News

Ero Copper Corp., a base metals mining company, engages in the exploration, development, and production of mining projects in Brazil. It engages in the production and sale of copper concentrate from the MCSA Mining Complex located within the Curaçá Valley, northeastern Bahia state, as well as gold and silver byproducts. The company also holds a 100% interest in the Boa Esperança property, a copper development project located within southeastern Pará state; and NX Gold property located in Mato Grosso state. Ero Copper Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ERO. Raymond James decreased their price objective on Ero Copper from C$22.00 to C$18.00 and set an "outperform" rating on the stock in a report on Tuesday, July 19th. Stifel Nicolaus decreased their price objective on Ero Copper from C$35.00 to C$27.00 in a report on Tuesday, July 19th. Barclays decreased their price objective on Ero Copper from C$21.00 to C$16.00 and set a "na" rating on the stock in a report on Tuesday, July 19th. Cormark decreased their price objective on Ero Copper from C$28.50 to C$25.00 and set a "buy" rating on the stock in a report on Wednesday, May 11th. Finally, TD Securities cut their target price on Ero Copper from C$17.00 to C$16.50 and set a "buy" rating for the company in a research report on Thursday, August 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$21.45.

Ero Copper Price Performance

Shares of ERO Stock traded down C$0.21 on Tuesday, hitting C$13.20. 181,289 shares of the company's stock were exchanged, compared to its average volume of 400,813. The company has a debt-to-equity ratio of 16.78, a current ratio of 1.70 and a quick ratio of 1.43. Ero Copper has a 12 month low of C$10.54 and a 12 month high of C$25.83. The stock has a market cap of C$1.20 billion and a P/E ratio of 3.73. The company has a 50 day moving average of C$12.34 and a 200 day moving average of C$15.68.

Ero Copper (TSE:ERO - Get Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported C$0.46 earnings per share for the quarter, missing the consensus estimate of C$0.51 by C($0.05). The company had revenue of C$137.96 million during the quarter. On average, equities research analysts predict that Ero Copper will post 1.84 EPS for the current year.

Insider Buying and Selling

In other Ero Copper news, Director John H. Wright acquired 6,000 shares of the company's stock in a transaction that occurred on Friday, May 13th. The stock was acquired at an average cost of C$13.70 per share, for a total transaction of C$82,200.00. Following the transaction, the director now directly owns 786,332 shares in the company, valued at C$10,772,748.40.