Ero Copper Corp. (TSE:ERO) Given Consensus Rating of “Moderate Buy” by Analysts

Ero Copper Corp. (TSE:ERO) has received a consensus rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$47.40.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Ero Copper from C$52.00 to C$53.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Bank of America raised Ero Copper from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$41.00 to C$49.00 in a report on Thursday, July 16th. Scotiabank raised their target price on Ero Copper from C$50.00 to C$55.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. Royal Bank Of Canada boosted their target price on Ero Copper from C$52.00 to C$53.00 in a research note on Tuesday, July 21st. Finally, BMO Capital Markets upped their price target on Ero Copper from C$42.00 to C$48.00 in a research report on Wednesday, April 22nd.

Ero Copper Stock Performance

TSE ERO opened at C$42.71 on Thursday. Ero Copper has a 52-week low of C$18.53 and a 52-week high of C$53.69. The company has a 50-day simple moving average of C$38.43 and a 200 day simple moving average of C$39.61. The company has a debt-to-equity ratio of 54.96, a quick ratio of 1.43 and a current ratio of 1.30. The company has a market capitalization of C$4.45 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of -0.72 and a beta of 1.75.

Ero Copper (TSE:ERO) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.18 EPS for the quarter. The business had revenue of C$403.95 million for the quarter. Ero Copper had a net margin of 31.55% and a return on equity of 31.19%. On average, research analysts predict that Ero Copper will post 4.7442244 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lyle Braaten sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$41.80, for a total value of C$418,000.00. Following the sale, the director directly owned 200,000 shares in the company, valued at approximately C$8,360,000. The trade was a 4.76% decrease in their position. Company insiders own 10.37% of the company’s stock.

Ero Copper Company Profile

Ero is a Brazil -focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.