Ero Copper Corp. (TSE:ERO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ero Copper Corp. (TSE:ERO) has received an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$42.58.

ERO has been the topic of a number of recent research reports. ATB Capital raised their price objective on shares of Ero Copper from C$37.00 to C$50.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Scotiabank raised their price target on shares of Ero Copper from C$36.00 to C$45.00 in a research report on Thursday, January 8th. Stifel Nicolaus downgraded Ero Copper from a “buy” rating to a “hold” rating and lifted their price target for the company from C$26.00 to C$37.00 in a research note on Tuesday, October 21st. TD Securities increased their price objective on Ero Copper from C$33.00 to C$45.00 in a research note on Thursday, January 22nd. Finally, Bank of America lowered Ero Copper from a “buy” rating to a “neutral” rating and dropped their target price for the company from C$49.00 to C$45.00 in a report on Monday.

Insiders Place Their Bets

In other Ero Copper news, Director John H. Wright sold 15,000 shares of Ero Copper stock in a transaction on Thursday, January 29th. The shares were sold at an average price of C$52.11, for a total transaction of C$781,650.00. Following the transaction, the director directly owned 377,832 shares of the company’s stock, valued at C$19,688,825.52. The trade was a 3.82% decrease in their position. Company insiders own 10.37% of the company’s stock.

Ero Copper Trading Up 1.7%

TSE ERO opened at C$42.72 on Thursday. The company has a quick ratio of 1.43, a current ratio of 0.68 and a debt-to-equity ratio of 83.17. Ero Copper has a 52 week low of C$13.17 and a 52 week high of C$53.69. The business has a 50 day moving average price of C$40.54 and a 200-day moving average price of C$31.06. The company has a market cap of C$4.44 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of -0.72 and a beta of 1.99.

Ero Copper (TSE:ERO) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$246.59 million during the quarter. Ero Copper had a net margin of 3.45% and a return on equity of 2.24%. As a group, equities analysts expect that Ero Copper will post 4.7442244 earnings per share for the current fiscal year.

About Ero Copper