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.
Ero Copper Trading Up 1.8 %
Shares of Ero Copper stock opened at C$13.31 on Friday. Ero Copper has a 52-week low of C$10.54 and a 52-week high of C$25.83. The firm has a market capitalization of C$1.21 billion and a PE ratio of 3.77. The company has a debt-to-equity ratio of 16.78, a current ratio of 1.70 and a quick ratio of 1.43. The company's fifty day moving average price is C$12.07 and its two-hundred day moving average price is C$15.55.
Analyst Ratings Changes
ERO has been the topic of a number of recent research reports. Cormark reduced their target price on shares of 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. Raymond James cut their price objective on Ero Copper from C$22.00 to C$18.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 19th. TD Securities lowered their price target on shares of Ero Copper from C$17.00 to C$16.50 and set a "buy" rating for the company in a report on Thursday, August 4th. Stifel Nicolaus decreased their price target on shares of Ero Copper from C$35.00 to C$27.00 in a research report on Tuesday, July 19th. Finally, BMO Capital Markets cut their price objective on Ero Copper from C$25.00 to C$22.00 in a research note on Wednesday, August 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Ero Copper has an average rating of "Moderate Buy" and a consensus target price of C$21.45.